Los Angeles Capital Management LLC Sells 121,587 Shares of D.R. Horton, Inc. (NYSE:DHI)

Los Angeles Capital Management LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 74.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 40,855 shares of the construction company's stock after selling 121,587 shares during the period. Los Angeles Capital Management LLC's holdings in D.R. Horton were worth $5,194,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC boosted its position in D.R. Horton by 7.0% in the 1st quarter. Lindbrook Capital LLC now owns 3,584 shares of the construction company's stock valued at $456,000 after buying an additional 233 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of D.R. Horton by 3.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 22,510 shares of the construction company's stock valued at $2,861,000 after purchasing an additional 842 shares during the period. Atlantic Union Bankshares Corp lifted its stake in shares of D.R. Horton by 7.1% in the 1st quarter. Atlantic Union Bankshares Corp now owns 70,894 shares of the construction company's stock valued at $9,013,000 after purchasing an additional 4,723 shares during the period. Copperwynd Financial LLC acquired a new position in shares of D.R. Horton in the 1st quarter valued at $569,000. Finally, Kestra Private Wealth Services LLC lifted its stake in shares of D.R. Horton by 11.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 6,304 shares of the construction company's stock valued at $801,000 after purchasing an additional 630 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DHI. JPMorgan Chase & Co. cut their price target on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company increased their price target on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday. Wedbush increased their price target on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday. Barclays cut their price target on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Finally, Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $153.23.

D.R. Horton Stock Down 0.6%

Shares of NYSE DHI traded down $0.80 during midday trading on Friday, reaching $143.90. The company's stock had a trading volume of 686,609 shares, compared to its average volume of 3,782,983. The company has a current ratio of 7.06, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The stock has a market capitalization of $44.20 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 3.26 and a beta of 1.38. The stock has a 50 day simple moving average of $127.61 and a 200-day simple moving average of $129.17.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. D.R. Horton's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $4.10 EPS. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, August 7th. D.R. Horton's payout ratio is 12.83%.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the transaction, the director owned 2,193 shares in the company, valued at $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by insiders.

About D.R. Horton

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.