D.R. Horton, Inc. $DHI Stock: Investment House LLC Trims Position

Key Points

• Investment House LLC cut its D.R. Horton stake by 52% in the third quarter, selling 26,631 shares and retaining 24,615 shares valued at approximately $3.36 million. Institutional investors collectively own 90.63% of the company.
• Analyst sentiment remains mixed, with five Buy, twelve Hold and two Sell ratings. The consensus rating is Hold, with a consensus price target of $156.36.
• D.R. Horton reported quarterly EPS of $3.20, beating estimates of $3.02, while revenue reached $9.23 billion versus expectations of $9.10 billion. The stock opened at $147.55 and trades at a P/E ratio of 13.22.

Investment House LLC lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 52.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,615 shares of the construction company's stock after selling 26,631 shares during the period. Investment House LLC's holdings in D.R. Horton were worth $3,364,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its stake in D.R. Horton by 27.9% in the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company's stock valued at $48,000 after purchasing an additional 72 shares during the last quarter. William Allan Corp lifted its holdings in shares of D.R. Horton by 0.3% during the 3rd quarter. William Allan Corp now owns 27,548 shares of the construction company's stock worth $3,764,000 after acquiring an additional 77 shares during the period. GC Wealth Management RIA LLC increased its position in D.R. Horton by 0.7% during the first quarter. GC Wealth Management RIA LLC now owns 11,448 shares of the construction company's stock worth $1,571,000 after purchasing an additional 81 shares during the last quarter. Chemistry Wealth Management LLC increased its position in D.R. Horton by 3.0% during the second quarter. Chemistry Wealth Management LLC now owns 3,098 shares of the construction company's stock worth $505,000 after purchasing an additional 91 shares during the last quarter. Finally, Premier Path Wealth Partners LLC boosted its holdings in shares of D.R. Horton by 1.4% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,618 shares of the construction company's stock valued at $1,078,000 after purchasing an additional 91 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Stonex Financia raised D.R. Horton to a "hold" rating in a research report on Thursday, October 15th. Barclays reduced their price objective on D.R. Horton from $141.00 to $130.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 6th. Zelman & Associates upgraded shares of D.R. Horton from a "neutral" rating to an "outperform" rating in a report on Tuesday, July 7th. Evercore set a $166.00 price target on shares of D.R. Horton in a report on Friday, September 25th. Finally, BTIG Research reiterated a "buy" rating and issued a $174.00 price target on shares of D.R. Horton in a report on Tuesday, September 22nd. Five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and a consensus price target of $156.36.

D.R. Horton Stock Performance

D.R. Horton stock opened at $147.55 on Friday. D.R. Horton, Inc. has a 52 week low of $130.40 and a 52 week high of $170.79. 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 has a market cap of $41.27 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 2.16 and a beta of 1.35. The stock has a 50 day moving average of $140.95 and a 200-day moving average of $146.56.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly 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. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.36 earnings per share. On average, analysts expect that D.R. Horton, Inc. will post 10.43 EPS for the current fiscal year.

About D.R. Horton

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company's operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.

Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.