Quantitative Investment Management LLC Decreases Stock Position in D.R. Horton, Inc. $DHI

Quantitative Investment Management LLC cut its holdings in D.R. Horton, Inc. (NYSE:DHI) by 73.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,354 shares of the construction company’s stock after selling 3,823 shares during the quarter. Quantitative Investment Management LLC’s holdings in D.R. Horton were worth $220,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new position in shares of D.R. Horton in the fourth quarter worth $25,000. Fiduciary Financial Advisors purchased a new stake in shares of D.R. Horton during the second quarter valued at $25,000. Caitlin John LLC purchased a new stake in shares of D.R. Horton during the second quarter valued at $25,000. Osbon Capital Management LLC bought a new stake in D.R. Horton in the 4th quarter worth about $26,000. Finally, Wilkerson Advisory Group LLC purchased a new position in D.R. Horton in the 4th quarter worth about $30,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on DHI. Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $166.92.

D.R. Horton Trading Up 0.6%

D.R. Horton stock opened at $142.23 on Thursday. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. The company has a market cap of $39.78 billion, a P/E ratio of 13.53, a P/E/G ratio of 2.25 and a beta of 1.37. 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 business has a 50-day simple moving average of $150.05 and a two-hundred day simple moving average of $149.05.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.18. The firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.36 EPS. Analysts predict that D.R. Horton, Inc. will post 10.46 EPS for the current year.

D.R. Horton Announces Dividend

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

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.