Bank of Montreal Can Sells 148,736 Shares of D.R. Horton, Inc. $DHI

Bank of Montreal Can decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 33.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,733 shares of the construction company’s stock after selling 148,736 shares during the quarter. Bank of Montreal Can owned approximately 0.10% of D.R. Horton worth $50,287,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its position in shares of D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after purchasing an additional 803 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after buying an additional 455 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in D.R. Horton during the 2nd quarter valued at $302,000. Vestmark Advisory Solutions Inc. bought a new position in D.R. Horton in the 2nd quarter valued at $272,000. Finally, Prospera Financial Services Inc acquired a new position in D.R. Horton in the second quarter worth $237,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DHI shares. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. 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. UBS Group reaffirmed a “buy” rating on shares of D.R. Horton in a research note on Thursday. Finally, Barclays lowered their price target on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $159.93.

Insider Buying and Selling

In other news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.66% of the company’s stock.

D.R. Horton Trading Down 2.7%

Shares of NYSE DHI opened at $138.83 on Friday. 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, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54. The company’s fifty day moving average is $155.02 and its 200-day moving average is $156.74. The stock has a market cap of $40.22 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 2.20 and a beta of 1.43.

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

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is 16.35%.

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.