D.R. Horton, Inc. $DHI Shares Sold by Aberdeen Group plc

Aberdeen Group plc trimmed its stake in D.R. Horton, Inc. (NYSE:DHI) by 1.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 168,240 shares of the construction company’s stock after selling 3,039 shares during the quarter. Aberdeen Group plc owned approximately 0.06% of D.R. Horton worth $28,572,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp raised its holdings in D.R. Horton by 0.7% during the 2nd quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock worth $1,629,067,000 after buying an additional 92,219 shares during the period. Norges Bank acquired a new stake in shares of D.R. Horton during the second quarter valued at approximately $494,278,000. Franklin Resources Inc. lifted its position in shares of D.R. Horton by 16.4% in the 2nd quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock valued at $412,567,000 after acquiring an additional 450,362 shares in the last quarter. Invesco Ltd. boosted its stake in D.R. Horton by 13.2% in the 2nd quarter. Invesco Ltd. now owns 2,854,268 shares of the construction company’s stock worth $367,972,000 after purchasing an additional 333,846 shares during the period. Finally, Viking Global Investors LP grew its position in D.R. Horton by 108.3% during the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after purchasing an additional 1,469,978 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

NYSE DHI opened at $166.16 on Wednesday. The company has a 50 day moving average price of $153.13 and a two-hundred day moving average price of $157.39. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The stock has a market capitalization of $48.14 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 2.59 and a beta of 1.44. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.05. The business had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. D.R. Horton’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.61 EPS. As a group, equities analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DHI. Evercore increased their target price on D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a report on Wednesday, January 21st. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 29th. The Goldman Sachs Group restated a “buy” rating and set a $195.00 price target on shares of D.R. Horton in a report on Tuesday, January 13th. Finally, Barclays dropped their price objective on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $160.29.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.66% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.