Arrow Capital Pty Ltd Sells 11,037 Shares of D.R. Horton, Inc. $DHI

Arrow Capital Pty Ltd lessened its stake in D.R. Horton, Inc. (NYSE:DHI) by 27.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,963 shares of the construction company’s stock after selling 11,037 shares during the period. D.R. Horton comprises 2.8% of Arrow Capital Pty Ltd’s portfolio, making the stock its 20th biggest holding. Arrow Capital Pty Ltd’s holdings in D.R. Horton were worth $3,734,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $29,000. Bayforest Capital Ltd lifted its position in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after purchasing an additional 194 shares during the period. Accredited Wealth Management LLC acquired a new stake in D.R. Horton during the first quarter worth $34,000. Hantz Financial Services Inc. increased its holdings in D.R. Horton by 1,678.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock valued at $44,000 after buying an additional 319 shares during the period. Finally, Ransom Advisory Ltd bought a new stake in D.R. Horton in the 1st quarter valued at $51,000. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods lowered their price target on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 29th. Citigroup reiterated a “market outperform” rating on shares of D.R. Horton in a research note on Thursday, October 30th. Wells Fargo & Company reduced their target price on shares of D.R. Horton from $190.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Evercore ISI set a $169.00 target price on shares of D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $161.08.

D.R. Horton Stock Down 2.1%

NYSE:DHI opened at $149.17 on Wednesday. The stock has a 50-day moving average price of $152.99 and a two-hundred day moving average price of $149.43. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. The stock has a market cap of $43.57 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 1.82 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share 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 firm had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.44 billion. During the same period last year, the company earned $3.92 EPS. The company’s revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 15.53%.

D.R. Horton Company 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.