Amundi Trims Stock Position in D.R. Horton, Inc. $DHI

Amundi reduced its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 18.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,307,833 shares of the construction company's stock after selling 295,112 shares during the quarter. Amundi owned about 0.47% of D.R. Horton worth $213,020,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC increased its position in D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company's stock worth $538,000 after buying an additional 803 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company's stock valued at $77,000 after purchasing an additional 455 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in D.R. Horton in the 2nd quarter valued at about $302,000. Brown Advisory Inc. grew its holdings in shares of D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company's stock worth $815,000 after buying an additional 208 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company's stock valued at $4,503,000 after buying an additional 2,859 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHI has been the topic of several recent analyst reports. The Goldman Sachs Group reiterated a "buy" rating on shares of D.R. Horton in a report on Tuesday, July 21st. Keefe, Bruyette & Woods decreased their price target on D.R. Horton from $175.00 to $167.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, July 20th. BTIG Research set a $184.00 price target on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, Citigroup reiterated a "neutral" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $166.92.

D.R. Horton Trading Down 2.9%

Shares of NYSE DHI opened at $138.68 on Wednesday. The company has a market cap of $38.79 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 2.27 and a beta of 1.37. D.R. Horton, Inc. has a 12-month low of $131.75 and a 12-month high of $183.08. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The stock's 50 day simple moving average is $148.22 and its 200 day simple moving average is $148.34.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.18. The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The firm's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $3.36 EPS. Equities research analysts expect that D.R. Horton, Inc. will post 10.46 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. D.R. Horton's dividend payout ratio is currently 17.13%.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company's core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

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