CX Institutional Sells 47,190 Shares of D.R. Horton, Inc. $DHI

Key Points

• CX Institutional cut its D.R. Horton stake by 91.3% in the third quarter, selling 47,190 shares and retaining 4,487 shares valued at approximately $613,000.
• Institutional investors and hedge funds own 90.63% of D.R. Horton’s outstanding shares, while several smaller investment firms recently initiated positions.
• D.R. Horton reported quarterly EPS of $3.20, exceeding analyst expectations, and maintains a $0.45 quarterly dividend. Analysts’ consensus rating is “Hold”, with an average price target of $162.62.

CX Institutional lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 91.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,487 shares of the construction company's stock after selling 47,190 shares during the quarter. CX Institutional's holdings in D.R. Horton were worth $613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHI. Caitlin John LLC bought a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $25,000. Fiduciary Financial Advisors bought a new stake in shares of D.R. Horton during the second quarter worth $25,000. Osbon Capital Management LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at $26,000. Bell Investment Advisors Inc acquired a new position in shares of D.R. Horton during the second quarter valued at $32,000. Finally, Compass Financial Management LLC bought a new position in D.R. Horton in the second quarter valued at about $31,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

NYSE:DHI opened at $135.00 on Monday. The company has a market cap of $37.76 billion, a P/E ratio of 12.84, a P/E/G ratio of 1.92 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The firm's fifty day moving average price is $144.06 and its two-hundred day moving average price is $146.61. D.R. Horton, Inc. has a one year low of $131.75 and a one year high of $176.22.

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

D.R. Horton Announces Dividend

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

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of D.R. Horton from $167.00 to $160.00 and set a "market perform" rating for the company in a report on Tuesday, September 22nd. Morgan Stanley began coverage on D.R. Horton in a research report on Thursday. They issued an "equal weight" rating and a $151.00 price target on the stock. The Goldman Sachs Group lowered D.R. Horton from a "buy" rating to an "overweight" rating in a research note on Thursday. Citigroup restated a "neutral" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, BTIG Research reiterated a "buy" rating and issued a $174.00 price target on shares of D.R. Horton in a research report on Tuesday, September 22nd. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, D.R. Horton presently has an average rating of "Hold" and a consensus price target of $162.62.

About D.R. Horton

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.

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