Sapient Capital LLC Sells 14,235 Shares of D.R. Horton, Inc. $DHI

Sapient Capital LLC lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 22.2% during the first quarter, Holdings Channel reports. The institutional investor owned 49,845 shares of the construction company’s stock after selling 14,235 shares during the quarter. Sapient Capital LLC’s holdings in D.R. Horton were worth $6,837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Western Wealth Management LLC purchased a new position in D.R. Horton in the first quarter worth $122,000. Pacer Advisors Inc. lifted its holdings in shares of D.R. Horton by 21.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,464,155 shares of the construction company’s stock valued at $200,911,000 after purchasing an additional 259,700 shares during the last quarter. Blue Fin Capital Inc. boosted its position in shares of D.R. Horton by 3.6% in the 1st quarter. Blue Fin Capital Inc. now owns 15,377 shares of the construction company’s stock worth $2,110,000 after purchasing an additional 538 shares in the last quarter. Glenmede Trust Co. NA boosted its position in shares of D.R. Horton by 6.8% in the 1st quarter. Glenmede Trust Co. NA now owns 5,803 shares of the construction company’s stock worth $796,000 after purchasing an additional 368 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in D.R. Horton during the 1st quarter worth $1,310,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $143.36 on Monday. The business has a fifty day moving average of $151.49 and a 200 day moving average of $150.32. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The firm has a market capitalization of $40.10 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 2.27 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.18. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.36 EPS. As a group, research analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, August 6th will be given a $0.45 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. D.R. Horton’s dividend payout ratio is currently 17.13%.

Analyst Upgrades and Downgrades

DHI has been the topic of several recent analyst reports. Barclays upped their target price on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. UBS Group upped their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, BTIG Research set a $184.00 target price on shares of D.R. Horton in a research report on Wednesday, July 22nd. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $168.17.

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.