UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 173,792 Shares of D.R. Horton, Inc. (NYSE:DHI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,200,284 shares of the construction company’s stock after selling 173,792 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.68% of D.R. Horton worth $419,748,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV lifted its holdings in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after purchasing an additional 212,112 shares during the last quarter. Legacy CG LLC bought a new position in D.R. Horton during the 3rd quarter valued at about $4,220,000. Schear Investment Advisers LLC bought a new position in D.R. Horton during the 3rd quarter valued at about $1,308,000. DNB Asset Management AS lifted its holdings in D.R. Horton by 10.3% during the 2nd quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock valued at $7,132,000 after purchasing an additional 4,723 shares during the last quarter. Finally, Rheos Capital Works Inc. lifted its holdings in D.R. Horton by 84.4% during the 3rd quarter. Rheos Capital Works Inc. now owns 83,000 shares of the construction company’s stock valued at $15,834,000 after purchasing an additional 38,000 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a research note on Tuesday, October 15th. Barclays dropped their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, UBS Group dropped their target price on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $185.87.

Insider Activity at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.74% of the company’s stock.

D.R. Horton Stock Up 0.4 %

Shares of NYSE DHI opened at $169.43 on Friday. The stock has a market cap of $54.42 billion, a P/E ratio of 11.80, a P/E/G ratio of 0.63 and a beta of 1.74. The firm has a 50 day moving average price of $177.75 and a 200 day moving average price of $167.91. 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, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.45 EPS. Analysts expect that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is currently 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.