Capital Analysts LLC Trims Stake in D.R. Horton, Inc. $DHI

Capital Analysts LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 16.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,442 shares of the construction company’s stock after selling 13,007 shares during the period. Capital Analysts LLC’s holdings in D.R. Horton were worth $10,821,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DHI. California State Teachers Retirement System grew its holdings in shares of D.R. Horton by 16,313.7% during the 2nd quarter. California State Teachers Retirement System now owns 63,843,096 shares of the construction company’s stock worth $10,398,763,000 after acquiring an additional 63,454,134 shares during the period. Capital World Investors boosted its position in shares of D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after purchasing an additional 6,695,592 shares in the last quarter. BlackRock Inc. purchased a new stake in D.R. Horton in the second quarter worth $4,067,842,000. Capital Research Global Investors raised its holdings in D.R. Horton by 0.3% in the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock worth $669,330,000 after purchasing an additional 13,155 shares in the last quarter. Finally, Norges Bank bought a new position in D.R. Horton in the fourth quarter worth $649,305,000. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on DHI. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company cut their price objective on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $166.92.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $138.68 on Wednesday. The firm has a market cap of $38.79 billion, a P/E ratio of 13.19, a PEG ratio of 2.27 and a beta of 1.37. D.R. Horton, Inc. has a twelve month low of $131.75 and a twelve month high of $183.08. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $148.22 and a 200 day moving average of $148.34.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the business posted $3.36 EPS. The company’s revenue was up .0% compared to the same quarter last year. As a group, research analysts expect that D.R. Horton, Inc. will post 10.46 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is presently 17.13%.

D.R. Horton Company 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.