D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Claro Advisors LLC

Claro Advisors LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,650 shares of the construction company’s stock after selling 136 shares during the quarter. Claro Advisors LLC’s holdings in D.R. Horton were worth $506,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DHI. Coastline Trust Co purchased a new stake in shares of D.R. Horton in the third quarter valued at about $26,000. Rakuten Securities Inc. grew its stake in shares of D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares during the period. Bfsg LLC lifted its holdings in D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after acquiring an additional 74 shares during the last quarter. Wolff Wiese Magana LLC grew its position in D.R. Horton by 1,306.7% in the third 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 period. Finally, Grove Bank & Trust increased its stake in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of a number of research analyst reports. Evercore ISI lowered their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. BTIG Research lowered their target price 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. Royal Bank of Canada reduced their price target on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 30th. Wedbush upgraded 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 report on Tuesday, October 15th. Finally, Bank of America lifted their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Stock Down 0.1 %

Shares of NYSE DHI opened at $161.45 on Tuesday. The business’s fifty day simple moving average is $181.88 and its 200-day simple moving average is $167.23. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12-month low of $125.28 and a 12-month high of $199.85. The stock has a market cap of $52.61 billion, a P/E ratio of 11.24, a PEG ratio of 0.57 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the firm earned $4.45 EPS. The company’s revenue was down 4.7% on a year-over-year basis. As a group, equities analysts predict that D.R. Horton, Inc. will post 14.54 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is presently 11.14%.

D.R. Horton 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.