D.R. Horton, Inc. $DHI Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. decreased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,814 shares of the construction company’s stock after selling 7,100 shares during the period. APG Asset Management N.V. owned about 0.06% of D.R. Horton worth $30,473,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Winnow Wealth LLC purchased a new position in D.R. Horton in the 3rd quarter valued at $960,000. Mediolanum International Funds Ltd lifted its stake in shares of D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock worth $25,670,000 after acquiring an additional 74,266 shares during the period. Berkshire Hathaway Inc acquired a new stake in shares of D.R. Horton in the 2nd quarter worth $191,491,000. Trinity Street Asset Management LLP purchased a new stake in shares of D.R. Horton in the third quarter valued at about $25,140,000. Finally, Peterson Wealth Services increased its stake in shares of D.R. Horton by 941.4% during the third quarter. Peterson Wealth Services now owns 10,862 shares of the construction company’s stock worth $1,841,000 after acquiring an additional 9,819 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president directly owned 6,457 shares in the company, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.66% of the company’s stock.

D.R. Horton Stock Up 0.8%

Shares of NYSE:DHI opened at $160.17 on Monday. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market cap of $46.40 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.48 and a beta of 1.43. The stock’s 50-day moving average price is $154.56 and its two-hundred day moving average price is $157.73. 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 announced its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the previous year, the company earned $2.61 EPS. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

Analyst Ratings Changes

DHI has been the topic of several recent analyst reports. Bank of America set a $158.00 target price on D.R. Horton in a research report on Wednesday, January 21st. Evercore lifted their price target on D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research note on Wednesday, January 21st. Argus increased their price objective on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Wells Fargo & Company restated an “equal weight” rating and set a $155.00 target price (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Finally, Zacks Research downgraded shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $160.29.

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.