Commonwealth Equity Services LLC Sells 14,646 Shares of D.R. Horton, Inc. $DHI

Commonwealth Equity Services LLC trimmed its stake in D.R. Horton, Inc. (NYSE:DHI) by 29.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,435 shares of the construction company’s stock after selling 14,646 shares during the period. Commonwealth Equity Services LLC’s holdings in D.R. Horton were worth $5,836,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DHI. Apella Capital LLC increased its holdings in shares of D.R. Horton by 0.8% in the 3rd quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock worth $1,454,000 after buying an additional 69 shares during the last quarter. Twin Capital Management Inc. raised its position in D.R. Horton by 0.3% during the second quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock valued at $3,008,000 after purchasing an additional 78 shares in the last quarter. Mutual Advisors LLC raised its position in D.R. Horton by 4.8% during the second quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock valued at $225,000 after purchasing an additional 80 shares in the last quarter. Franchise Capital Ltd lifted its stake in D.R. Horton by 15.7% during the second quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock worth $81,000 after purchasing an additional 85 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its holdings in shares of D.R. Horton by 23.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 446 shares of the construction company’s stock worth $78,000 after purchasing an additional 86 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Down 1.0%

NYSE:DHI opened at $159.30 on Thursday. The company has a 50-day moving average price of $149.61 and a 200-day moving average price of $154.15. The stock has a market cap of $46.37 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.92 and a beta of 1.42. The company has a current ratio of 6.48, a quick ratio of 1.18 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 released its earnings results 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 net margin of 10.47% and a return on equity of 14.39%. The firm had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.44 billion. During the same quarter in the previous year, the business earned $3.92 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently declared 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 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 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio is currently 15.53%.

Wall Street Analysts Forecast Growth

DHI has been the topic of several research reports. The Goldman Sachs Group reissued a “buy” rating and set a $195.00 price target on shares of D.R. Horton in a research note on Tuesday. BTIG Research assumed coverage on shares of D.R. Horton in a report on Monday, December 1st. They set a “buy” rating and a $186.00 target price on the stock. Barclays lifted their target price on shares of D.R. Horton from $110.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Keefe, Bruyette & Woods cut their price target on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada lifted their price objective on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $161.62.

D.R. Horton News Summary

Here are the key news stories impacting D.R. Horton this week:

• Positive Sentiment: Technical strength: D.R. Horton’s IBD Relative Strength (RS) rating ticked up to 71, which can attract momentum traders and funds that screen for improving technicals. DR Horton sees IBD RS rating improve to 71
• Positive Sentiment: Relative outperformance: Coverage notes that DHI has outpaced broader market gains recently, indicating some investor confidence in the stock despite sector headwinds. DR Horton (DHI) outpaces stock market gains: What you should know
• Neutral Sentiment: Analysts/consensus stance: Brokerages currently show a consensus “Hold” for DHI, suggesting mixed expectations and limited near-term conviction. D.R. Horton, Inc. (NYSE:DHI) Receives Consensus Rating of “Hold” from Brokerages
• Neutral Sentiment: Upcoming earnings: D.R. Horton is projected to report quarterly results imminently; previews and Wall Street metric breakdowns are circulating (investors will watch margins, closings and backlog). Curious about DR Horton (DHI) Q1 performance? Explore Wall Street estimates for key metrics
• Negative Sentiment: Earnings pressure: Several previews and analyst notes warn DHI is likely to report a decline in earnings for the quarter, which raises downside risk to expectations if margins or closings miss. Analysts Estimate D.R. Horton (DHI) to Report a Decline in Earnings: What to Look Out for
• Negative Sentiment: Downgrades and lower targets: RBC reiterated a Sell and trimmed its price target, and other shops have downgraded recently — a clear negative catalyst for sentiment and flows. Wall Street Cautious on ​D.R. Horton, Inc. (DHI), Here’s Why
• Negative Sentiment: Buyback criticism: Public criticism of homebuilder buybacks (Bill Pulte in the Barron’s piece) pressured the sector, and DHI was called out among names that saw stock weakness on those comments. Trump’s Housing Czar Slams Buybacks. These Home Builder Stocks Are Falling.
• Negative Sentiment: Valuation concern: A recent piece highlights DHI’s valuation premium versus some regional peers despite lower returns, which could make investors wary if growth/returns don’t improve. The Nation’s Largest Homebuilder Commands a 75% Valuation Premium Despite Lower Returns Than Its Regional Rival

About D.R. Horton

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.