D.R. Horton, Inc. $DHI Stock Holdings Decreased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lessened its position in D.R. Horton, Inc. (NYSE:DHI) by 16.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 913,008 shares of the construction company’s stock after selling 184,804 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.31% of D.R. Horton worth $117,705,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. Westerkirk Capital Inc. purchased a new stake in shares of D.R. Horton in the second quarter valued at $2,488,000. M&T Bank Corp raised its position in D.R. Horton by 5.6% during the second quarter. M&T Bank Corp now owns 15,657 shares of the construction company’s stock valued at $2,018,000 after buying an additional 827 shares during the period. BLI Banque de Luxembourg Investments purchased a new stake in D.R. Horton in the 2nd quarter worth about $3,487,000. Lido Advisors LLC boosted its position in D.R. Horton by 9.6% during the 2nd quarter. Lido Advisors LLC now owns 34,639 shares of the construction company’s stock worth $4,466,000 after acquiring an additional 3,025 shares during the period. Finally, Schroder Investment Management Group grew its stake in D.R. Horton by 25.8% during the 2nd quarter. Schroder Investment Management Group now owns 151,926 shares of the construction company’s stock valued at $19,586,000 after acquiring an additional 31,186 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Bank of America reduced their price target on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Keefe, Bruyette & Woods dropped their price objective on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of D.R. Horton in a research note on Monday. Royal Bank Of Canada upped their price target on shares of D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. Finally, Evercore ISI set a $169.00 price objective on D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $160.15.

D.R. Horton Stock Performance

Shares of DHI opened at $165.08 on Thursday. The firm has a market cap of $48.21 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. The company’s fifty day moving average is $154.01 and its 200-day moving average is $148.27. The company has a quick ratio of 1.18, a current ratio of 6.48 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The business had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.44 billion. During the same quarter in the prior year, the company posted $3.92 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s payout ratio is currently 15.53%.

Insider Activity at D.R. Horton

In other D.R. Horton news, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,181,631. This trade represents a 17.57% 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. Also, Director Michael R. Buchanan sold 1,000 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the sale, the director owned 1,193 shares of the company’s stock, valued at $215,622.82. The trade was a 45.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 32,376 shares of company stock valued at $5,898,848. Corporate insiders own 0.54% of the company’s stock.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.