Boston Trust Walden Corp Sells 49,626 Shares of D.R. Horton, Inc. $DHI

Boston Trust Walden Corp reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 17.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,922 shares of the construction company’s stock after selling 49,626 shares during the quarter. Boston Trust Walden Corp owned approximately 0.08% of D.R. Horton worth $39,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its stake in D.R. Horton by 0.7% in 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 in the last quarter. Norges Bank bought a new position in shares of D.R. Horton in the second quarter worth about $494,278,000. Franklin Resources Inc. grew its position in shares of D.R. Horton by 16.4% during the second quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock worth $412,567,000 after purchasing an additional 450,362 shares in the last quarter. Invesco Ltd. raised its stake in D.R. Horton by 13.2% during the 2nd quarter. Invesco Ltd. now owns 2,854,268 shares of the construction company’s stock valued at $367,972,000 after purchasing an additional 333,846 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in D.R. Horton by 42.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock worth $378,628,000 after purchasing an additional 846,085 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on DHI. Wells Fargo & Company cut their price objective on shares of D.R. Horton from $190.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, December 8th. BTIG Research began coverage on shares of D.R. Horton in a report on Monday, December 1st. They issued a “buy” rating and a $186.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 22nd. UBS Group lifted their target price on D.R. Horton from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Evercore ISI set a $169.00 price target on D.R. Horton and gave the company an “in-line” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $161.08.

D.R. Horton Price Performance

Shares of DHI stock opened at $145.91 on Tuesday. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The firm has a market capitalization of $42.47 billion, a P/E ratio of 12.59, a P/E/G ratio of 1.74 and a beta of 1.38. The stock has a 50 day moving average price of $150.34 and a 200 day moving average price of $152.30. 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 issued its quarterly earnings data on Tuesday, October 28th. The construction company reported $3.04 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 period last year, the firm earned $3.92 EPS. The business’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, November 13th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s dividend payout ratio (DPR) is 15.53%.

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.