Banco Santander S.A. Sells 10,454 Shares of D.R. Horton, Inc. $DHI

Banco Santander S.A. trimmed its stake in D.R. Horton, Inc. (NYSE:DHI) by 43.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,344 shares of the construction company’s stock after selling 10,454 shares during the period. Banco Santander S.A.’s holdings in D.R. Horton were worth $2,261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DHI. Hemington Wealth Management raised its position in shares of D.R. Horton by 22.1% in the third quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock valued at $59,000 after purchasing an additional 64 shares during the period. Apella Capital LLC grew its stake in D.R. Horton by 0.8% in the 3rd quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock valued at $1,454,000 after buying an additional 69 shares during the last quarter. Mutual Advisors LLC raised its holdings in D.R. Horton by 4.0% in the 3rd quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock worth $288,000 after acquiring an additional 70 shares during the period. Physician Wealth Advisors Inc. lifted its position in D.R. Horton by 17.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock worth $80,000 after acquiring an additional 71 shares during the last quarter. Finally, Twin Capital Management Inc. boosted its holdings in D.R. Horton by 0.3% during the second quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock valued at $3,008,000 after acquiring an additional 78 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of DHI stock opened at $160.17 on Friday. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The company has a market capitalization of $46.40 billion, a P/E ratio of 14.55, a P/E/G ratio of 2.48 and a beta of 1.44. The stock has a 50 day moving average of $154.56 and a two-hundred day moving average of $157.79. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. The business had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.D.R. Horton’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.61 earnings per share. As a group, equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

Analysts Set New Price Targets

A number of research firms have recently commented on DHI. Barclays dropped their price objective on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 21st. Citigroup dropped their price target on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Evercore upped their price target on D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $160.29.

Insider Buying and Selling at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.66% of the company’s stock.

About D.R. Horton

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.