William Allan Corp Sells 563 Shares of D.R. Horton, Inc. (NYSE:DHI)

William Allan Corp lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 27,495 shares of the construction company’s stock after selling 563 shares during the period. D.R. Horton makes up 3.1% of William Allan Corp’s investment portfolio, making the stock its 12th biggest holding. William Allan Corp’s holdings in D.R. Horton were worth $5,245,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bfsg LLC raised its holdings in D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after acquiring an additional 74 shares in the last quarter. Coastline Trust Co bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $26,000. Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton in the second quarter valued at $31,000. Rakuten Securities Inc. lifted its position in 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 period. Finally, Wolff Wiese Magana LLC boosted its stake 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. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

D.R. Horton stock opened at $169.43 on Friday. The firm has a fifty day simple moving average of $177.75 and a two-hundred day simple moving average of $167.91. D.R. Horton, Inc. has a twelve month low of $125.28 and a twelve month high of $199.85. The company has a market capitalization of $54.42 billion, a PE ratio of 11.80, a P/E/G ratio of 0.62 and a beta of 1.74. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last issued 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). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the prior year, the company earned $4.45 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. Research 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 declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 annualized dividend 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 dividend payout ratio is presently 11.14%.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DHI. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a research note on Tuesday, October 15th. UBS Group cut their target price on D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada lowered their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. Citigroup dropped their price objective on 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. Finally, 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 report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average 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.