Caxton Associates LLP Sells 11,325 Shares of D.R. Horton, Inc. $DHI

Caxton Associates LLP cut its holdings in D.R. Horton, Inc. (NYSE:DHI) by 57.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,539 shares of the construction company’s stock after selling 11,325 shares during the quarter. Caxton Associates LLP’s holdings in D.R. Horton were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. Inspire Investing LLC raised its holdings in D.R. Horton by 787.0% in the first quarter. Inspire Investing LLC now owns 20,384 shares of the construction company’s stock worth $2,591,000 after buying an additional 18,086 shares during the last quarter. Swedbank AB grew its holdings in shares of D.R. Horton by 22.8% during the first quarter. Swedbank AB now owns 524,512 shares of the construction company’s stock valued at $66,681,000 after buying an additional 97,467 shares during the last quarter. Ascent Group LLC bought a new stake in shares of D.R. Horton during the first quarter valued at approximately $232,000. CW Advisors LLC raised its holdings in D.R. Horton by 79.3% in the 1st quarter. CW Advisors LLC now owns 18,551 shares of the construction company’s stock worth $2,361,000 after acquiring an additional 8,204 shares during the last quarter. Finally, Park National Corp OH lifted its position in D.R. Horton by 13.9% in the 2nd quarter. Park National Corp OH now owns 282,096 shares of the construction company’s stock valued at $36,368,000 after acquiring an additional 34,440 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of research analyst reports. BTIG Research began coverage on D.R. Horton in a report on Monday, December 1st. They issued a “buy” rating and a $186.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of D.R. Horton in a research report on Monday, December 8th. Wells Fargo & Company lowered 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, December 8th. Evercore ISI set a $169.00 price target on shares of D.R. Horton and gave the stock an “in-line” rating in a research note on Tuesday, October 7th. Finally, Royal Bank Of Canada increased their price objective on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $161.08.

D.R. Horton Stock Performance

NYSE DHI opened at $156.57 on Tuesday. The business’s 50 day moving average price is $151.65 and its 200-day moving average price is $150.47. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The company has a market cap of $45.58 billion, a P/E ratio of 13.51, a P/E/G ratio of 1.86 and a beta of 1.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 28th. The construction company reported $3.04 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $9.44 billion. During the same period in the previous year, the firm earned $3.92 earnings per share. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. Sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a $0.45 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. D.R. Horton’s dividend payout ratio is currently 15.53%.

About D.R. Horton

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.