First Trust Advisors LP Has $225.26 Million Stock Holdings in D.R. Horton, Inc. $DHI

First Trust Advisors LP trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 17.1% in the second quarter, HoldingsChannel reports. The firm owned 1,747,286 shares of the construction company’s stock after selling 360,266 shares during the quarter. First Trust Advisors LP’s holdings in D.R. Horton were worth $225,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Twin Capital Management Inc. lifted its stake in shares of D.R. Horton by 0.3% during the 2nd quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock worth $3,008,000 after buying an additional 78 shares during the last quarter. Mutual Advisors LLC lifted its position in D.R. Horton by 4.8% during the second quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock worth $225,000 after acquiring an additional 80 shares during the last quarter. Horizon Investments LLC boosted its holdings in shares of D.R. Horton by 1.5% during the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company’s stock worth $708,000 after acquiring an additional 83 shares during the period. Franchise Capital Ltd grew its position in shares of D.R. Horton by 15.7% in the second quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock valued at $81,000 after purchasing an additional 85 shares during the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in shares of D.R. Horton by 5.3% during the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,000 shares of the construction company’s stock worth $258,000 after purchasing an additional 100 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $160.73 on Friday. The firm has a 50 day moving average of $153.92 and a 200-day moving average of $148.36. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $46.94 billion, a PE ratio of 13.87, a PEG ratio of 1.97 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The firm had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.44 billion. During the same period last year, the business earned $3.92 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, November 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s dividend payout ratio is currently 15.53%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DHI. Keefe, Bruyette & Woods reduced their price target on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a research note on Wednesday, October 29th. UBS Group lifted their target price on D.R. Horton from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of D.R. Horton in a research note on Monday. Citigroup reaffirmed a “market outperform” rating on shares of D.R. Horton in a research report on Thursday, October 30th. Finally, Wells Fargo & Company lifted their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $160.15.

D.R. Horton Company Profile

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.