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

Nwam LLC decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 18.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,456 shares of the construction company’s stock after selling 320 shares during the period. Nwam LLC’s holdings in D.R. Horton were worth $278,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DHI. Bfsg LLC raised its position in D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after acquiring an additional 74 shares in the last quarter. Coastline Trust Co acquired a new position in shares of D.R. Horton during the 3rd quarter worth $26,000. Signature Resources Capital Management LLC purchased a new position in shares of D.R. Horton in the 2nd quarter valued at about $31,000. Rakuten Securities Inc. lifted its stake 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 valued at $33,000 after purchasing an additional 117 shares during the period. Finally, Wolff Wiese Magana LLC boosted its holdings in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 5,650 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.74% of the stock is currently owned by company insiders.

D.R. Horton Stock Up 5.8 %

DHI stock opened at $172.97 on Tuesday. D.R. Horton, Inc. has a one year low of $125.28 and a one year high of $199.85. The stock has a market capitalization of $55.55 billion, a P/E ratio of 12.05, a PEG ratio of 0.59 and a beta of 1.74. The company has a 50 day moving average price of $179.34 and a two-hundred day moving average price of $167.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last released its earnings results 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 business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.45 earnings per share. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 14.4 EPS for the current 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s payout ratio is presently 11.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DHI shares. Bank of America lifted their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Barclays decreased their target price on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company lowered their target price on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $185.87.

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.