First Trust Advisors LP Cuts Stake in D.R. Horton, Inc. $DHI

Key Points

• First Trust Advisors LP cut its stake in D.R. Horton by 26.5% in Q3, selling 462,602 shares and now owning 1,284,684 shares (about 0.43%) valued at roughly $217.7 million.
• D.R. Horton beat expectations with Q results (EPS $2.03 vs. $1.98 est., revenue $6.89B vs. $6.66B est.) but revenue was down 9.5% year-over-year; the company has a market cap of ~$42.7B and a P/E of 13.39.
• The company recently paid a quarterly dividend of $0.45 (annualized $1.80, ~1.2% yield); institutional investors hold 90.63% of the stock while insiders own 0.66%, including an SVP sale of 260 shares on Feb. 13 at $167.55.

First Trust Advisors LP cut its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 26.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,284,684 shares of the construction company's stock after selling 462,602 shares during the quarter. First Trust Advisors LP owned approximately 0.43% of D.R. Horton worth $217,715,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hemington Wealth Management grew its stake in shares of D.R. Horton by 22.1% during the 3rd quarter. Hemington Wealth Management now owns 353 shares of the construction company's stock valued at $59,000 after buying an additional 64 shares during the period. Apella Capital LLC raised its position in shares of D.R. Horton by 0.8% in the 3rd quarter. Apella Capital LLC now owns 8,578 shares of the construction company's stock worth $1,454,000 after buying an additional 69 shares during the period. Mutual Advisors LLC boosted its holdings in D.R. Horton by 4.0% in the third quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company's stock valued at $288,000 after acquiring an additional 70 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in D.R. Horton by 17.8% during the third quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company's stock valued at $80,000 after acquiring an additional 71 shares during the period. Finally, Caitlin John LLC grew its position in D.R. Horton by 3.4% during the third quarter. Caitlin John LLC now owns 2,426 shares of the construction company's stock valued at $411,000 after acquiring an additional 79 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the business's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the transaction, the senior vice president directly owned 6,457 shares of the company's stock, valued at approximately $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.66% of the company's stock.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $147.45 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The company has a market capitalization of $42.72 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 2.28 and a beta of 1.43. The business has a 50-day moving average of $155.11 and a 200-day moving average of $157.29.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company's revenue was down 9.5% on a year-over-year basis. During the same period last year, the business posted $2.61 EPS. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton's dividend payout ratio (DPR) is currently 16.35%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. BTIG Research set a $182.00 price objective on D.R. Horton in a report on Wednesday, January 21st. Zacks Research cut D.R. Horton from a "hold" rating to a "strong sell" rating in a report on Monday, January 19th. Truist Financial set a $155.00 target price on shares of D.R. Horton and gave the stock a "hold" rating in a research report on Tuesday. Weiss Ratings restated a "hold (c+)" rating on shares of D.R. Horton in a report on Monday, December 29th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $195.00 price objective on shares of D.R. Horton in a research note on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $159.93.

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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