Aviva PLC Reduces Holdings in D. R. Horton Inc (DHI)
Aviva PLC lowered its stake in D. R. Horton Inc (NYSE:DHI) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 166,612 shares of the construction company’s stock after selling 5,324 shares during the period. Aviva PLC’s holdings in D. R. Horton were worth $7,028,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of DHI. Janney Montgomery Scott LLC raised its position in shares of D. R. Horton by 60.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 22,256 shares of the construction company’s stock worth $913,000 after purchasing an additional 8,377 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of D. R. Horton in the 2nd quarter worth about $162,000. Assetmark Inc. raised its position in shares of D. R. Horton by 12.0% in the 2nd quarter. Assetmark Inc. now owns 40,817 shares of the construction company’s stock worth $1,674,000 after purchasing an additional 4,385 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of D. R. Horton in the 2nd quarter worth about $1,714,000. Finally, D.A. Davidson & CO. raised its position in shares of D. R. Horton by 5.1% in the 2nd quarter. D.A. Davidson & CO. now owns 99,705 shares of the construction company’s stock worth $4,088,000 after purchasing an additional 4,880 shares during the last quarter. 79.23% of the stock is currently owned by institutional investors.
DHI has been the subject of several recent analyst reports. ValuEngine lowered D. R. Horton from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 17th. Bank of America set a $65.00 target price on D. R. Horton and gave the stock a “buy” rating in a research report on Thursday, October 11th. Wells Fargo & Co decreased their target price on D. R. Horton from $62.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, November 12th. Wedbush reissued an “outperform” rating and issued a $47.00 target price on shares of D. R. Horton in a research report on Friday, September 14th. Finally, Barclays set a $51.00 target price on D. R. Horton and gave the stock a “buy” rating in a research report on Friday, September 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $47.86.
D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, November 8th. The construction company reported $1.22 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.22. D. R. Horton had a net margin of 9.09% and a return on equity of 18.27%. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Sell-side analysts forecast that D. R. Horton Inc will post 4.3 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 23rd. This represents a $0.60 annualized dividend and a dividend yield of 1.65%. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.13. D. R. Horton’s dividend payout ratio is presently 14.67%.
D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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