D.R. Horton, Inc. (NYSE:DHI) Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,712 shares of the construction company's stock after selling 2,696 shares during the period. TD Asset Management Inc's holdings in D.R. Horton were worth $13,185,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Nemes Rush Group LLC raised its holdings in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after acquiring an additional 82 shares during the last quarter. Olde Wealth Management LLC purchased a new position in shares of D.R. Horton during the 1st quarter valued at about $26,000. Itau Unibanco Holding S.A. purchased a new stake in D.R. Horton during the 4th quarter valued at about $43,000. Oarsman Capital Inc. increased its position in shares of D.R. Horton by 146.7% in the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock valued at $46,000 after acquiring an additional 198 shares during the period. Finally, Alpine Bank Wealth Management bought a new position in shares of D.R. Horton during the first quarter valued at approximately $61,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DHI. UBS Group upped their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wedbush boosted their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Keefe, Bruyette & Woods raised their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company raised their price objective on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $153.23.

D.R. Horton Price Performance

NYSE:DHI traded up $7.39 during trading hours on Friday, reaching $150.23. 7,146,625 shares of the company were exchanged, compared to its average volume of 4,724,252. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The firm has a market cap of $44.79 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 3.04 and a beta of 1.34. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The stock's 50-day moving average is $129.88 and its 200-day moving average is $129.40.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.46. The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.10 EPS. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 7th. D.R. Horton's payout ratio is 12.83%.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.54% of the stock is currently owned by company 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.