D.R. Horton, Inc. $DHI Shares Sold by Overbrook Management Corp

Overbrook Management Corp trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.4% during the third quarter, Holdings Channel.com reports. The firm owned 77,432 shares of the construction company’s stock after selling 6,198 shares during the period. D.R. Horton accounts for 1.7% of Overbrook Management Corp’s holdings, making the stock its 20th biggest position. Overbrook Management Corp’s holdings in D.R. Horton were worth $10,581,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Silvant Capital Management LLC acquired a new position in D.R. Horton during the second quarter worth $4,828,000. Johnson Financial Group Inc. bought a new stake in shares of D.R. Horton during the second quarter worth about $6,126,000. Wealthfront Advisers LLC bought a new stake in shares of D.R. Horton during the second quarter worth about $14,622,000. BlackRock Inc. acquired a new stake in shares of D.R. Horton in the 2nd quarter worth about $4,067,842,000. Finally, Alpine Woods Capital Investors LLC bought a new position in D.R. Horton in the 2nd quarter valued at about $2,219,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded up $2.53 during midday trading on Thursday, reaching $135.81. The company had a trading volume of 2,974,501 shares, compared to its average volume of 2,702,914. The stock has a market cap of $37.99 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.95 and a beta of 1.35. The company’s 50 day moving average price is $143.01 and its 200 day moving average price is $146.52. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $170.79.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $3.36 earnings per share. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.45 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

Analyst Ratings Changes

DHI has been the subject of a number of recent research reports. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Keefe, Bruyette & Woods lowered their price target on D.R. Horton from $167.00 to $160.00 and set a “market perform” rating for the company in a research report on Tuesday, September 22nd. Evercore set a $166.00 price objective on D.R. Horton in a research note on Friday, September 25th. Finally, Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $159.36.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.