Korea Investment CORP Sells 18,006 Shares of D.R. Horton, Inc. $DHI

Key Points

• Korea Investment CORP reduced its stake in D.R. Horton by 10.6% in Q3, selling 18,006 shares and ending the period with 151,795 shares (about 0.05%) valued at roughly $25.7 million.
• Insider and institutional activity: SVP Aron M. Odom sold 260 shares and now owns 6,457 shares; insiders hold 0.66% while institutional investors and hedge funds own 90.63% of the stock.
• Analysts and stock snapshot: D.R. Horton has a MarketBeat consensus rating of "Hold" with an average target of $159.93; the stock trades near $145, has a $42.1B market cap, a P/E of 13.19, and pays a $0.45 quarterly dividend (≈1.2% yield).

Korea Investment CORP lessened its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 10.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,795 shares of the construction company's stock after selling 18,006 shares during the period. Korea Investment CORP owned 0.05% of D.R. Horton worth $25,725,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Hemington Wealth Management raised its holdings in D.R. Horton by 22.1% during the third quarter. Hemington Wealth Management now owns 353 shares of the construction company's stock valued at $59,000 after buying an additional 64 shares in the last quarter. Apella Capital LLC increased its holdings in shares of D.R. Horton by 0.8% during the 3rd quarter. Apella Capital LLC now owns 8,578 shares of the construction company's stock valued at $1,454,000 after acquiring an additional 69 shares during the last quarter. Mutual Advisors LLC increased its holdings in shares of D.R. Horton by 4.0% during the 3rd 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. raised its stake in shares of D.R. Horton by 17.8% in the 3rd 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 in the last quarter. Finally, Caitlin John LLC lifted its holdings in D.R. Horton by 3.4% in the 3rd quarter. Caitlin John LLC now owns 2,426 shares of the construction company's stock worth $411,000 after purchasing an additional 79 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the business's stock in a transaction dated 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 owned 6,457 shares in the company, valued at approximately $1,081,870.35. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.66% of the company's stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of several analyst reports. Argus increased their price target on D.R. Horton from $175.00 to $185.00 and gave the company a "buy" rating in a report on Friday, January 23rd. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $155.00 price objective (down from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. Barclays lowered their target price on shares of D.R. Horton from $132.00 to $129.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 21st. Zacks Research downgraded shares of D.R. Horton from a "hold" rating to a "strong sell" rating in a report on Monday, January 19th. Finally, BTIG Research set a $182.00 price target on shares of D.R. Horton in a report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $159.93.

D.R. Horton Stock Down 1.6%

Shares of DHI stock opened at $145.27 on Wednesday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The firm has a market cap of $42.09 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 2.28 and a beta of 1.43. The stock has a 50 day moving average of $155.15 and a 200-day moving average of $156.97.

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

D.R. Horton Dividend Announcement

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

D.R. Horton Profile

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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