D.R. Horton, Inc. $DHI Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,509,865 shares of the construction company’s stock after selling 8,737 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.51% of D.R. Horton worth $255,877,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hemington Wealth Management lifted its stake in shares of D.R. Horton by 22.1% in the 3rd quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock valued at $59,000 after purchasing an additional 64 shares during the period. Apella Capital LLC increased its holdings in D.R. Horton by 0.8% in the third quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock valued at $1,454,000 after buying an additional 69 shares in the last quarter. Twin Capital Management Inc. raised its position in shares of D.R. Horton by 0.3% in the second quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock worth $3,008,000 after acquiring an additional 78 shares during the period. Mutual Advisors LLC boosted its stake in shares of D.R. Horton by 4.8% during the 2nd quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock worth $225,000 after acquiring an additional 80 shares in the last quarter. Finally, Franchise Capital Ltd grew its position in shares of D.R. Horton by 15.7% during the 2nd quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock valued at $81,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.1%

Shares of DHI opened at $150.30 on Friday. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The stock has a market cap of $43.54 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 2.29 and a beta of 1.42. The firm’s fifty day moving average is $152.15 and its two-hundred day moving average is $155.51. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the firm posted $2.61 earnings per share. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. Research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th will be given a $0.45 dividend. The ex-dividend date is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is 16.35%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DHI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. Royal Bank Of Canada increased their target price on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. Wells Fargo & Company set a $158.00 price target on shares of D.R. Horton in a research note on Wednesday, January 21st. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a research report on Tuesday. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $160.50.

D.R. Horton 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.