Quadrature Capital Ltd Cuts Position in D.R. Horton, Inc. (NYSE:DHI)

Quadrature Capital Ltd decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 28.5% during the third quarter, HoldingsChannel.com reports. The firm owned 34,645 shares of the construction company’s stock after selling 13,777 shares during the quarter. Quadrature Capital Ltd’s holdings in D.R. Horton were worth $6,607,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DHI. Bfsg LLC lifted its stake in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares during the period. Coastline Trust Co bought a new stake in D.R. Horton during the 3rd quarter valued at approximately $26,000. Signature Resources Capital Management LLC purchased a new position in shares of D.R. Horton in the second quarter worth $31,000. Rakuten Securities Inc. increased its holdings in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its stake in D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after acquiring an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 1.0 %

NYSE DHI opened at $159.67 on Friday. The firm has a market cap of $51.28 billion, a P/E ratio of 11.12, a P/E/G ratio of 0.61 and a beta of 1.71. D.R. Horton, Inc. has a one year low of $132.00 and a one year high of $199.85. The stock’s 50-day moving average is $175.18 and its 200-day moving average is $168.39. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.45 EPS. Sell-side analysts anticipate that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.74% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on DHI shares. BTIG Research decreased their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Citigroup reduced their price objective on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a research report on Tuesday, October 15th. Evercore ISI decreased their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, Barclays dropped their price target on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $185.87.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.