D.R. Horton, Inc. (NYSE:DHI) Stake Cut by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,376 shares of the construction company’s stock after selling 2,968 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of D.R. Horton worth $27,213,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of D.R. Horton by 85.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,167 shares of the construction company’s stock worth $5,787,000 after buying an additional 16,252 shares during the period. RiverPark Advisors LLC acquired a new position in shares of D.R. Horton during the first quarter valued at $29,000. Central Pacific Bank Trust Division bought a new stake in shares of D.R. Horton during the first quarter valued at about $447,000. Chase Investment Counsel Corp lifted its holdings in D.R. Horton by 130.3% in the first quarter. Chase Investment Counsel Corp now owns 9,226 shares of the construction company’s stock worth $1,518,000 after purchasing an additional 5,220 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in D.R. Horton by 4.3% during the 1st quarter. Mutual of America Capital Management LLC now owns 48,640 shares of the construction company’s stock valued at $8,004,000 after buying an additional 2,022 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Up 2.6 %

DHI stock traded up $3.54 during trading hours on Wednesday, hitting $139.54. The company’s stock had a trading volume of 1,415,781 shares, compared to its average volume of 2,439,565. The company has a market capitalization of $45.95 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.68 and a beta of 1.71. The stock has a 50 day moving average price of $143.84 and a two-hundred day moving average price of $147.92. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $165.75.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $2.73 earnings per share. On average, equities research analysts expect that D.R. Horton, Inc. will post 14.25 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $838,799. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $838,799. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the transaction, the director now directly owns 1,703 shares in the company, valued at $256,642.10. The disclosure for this sale can be found here. Company insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Barclays lowered their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Wedbush restated an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a report on Thursday, April 18th. BTIG Research lowered their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Finally, Citigroup downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their price target for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $156.75.

About D.R. Horton

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.