BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 7,746 Shares of D.R. Horton, Inc. (NYSE:DHI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 13.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,450 shares of the construction company’s stock after selling 7,746 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in D.R. Horton were worth $9,434,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Kolinsky Wealth Management LLC bought a new position in D.R. Horton in the third quarter valued at approximately $210,000. Ironwood Investment Counsel LLC bought a new position in D.R. Horton in the third quarter valued at approximately $204,000. Eventide Asset Management LLC lifted its stake in D.R. Horton by 1.4% in the third quarter. Eventide Asset Management LLC now owns 845,561 shares of the construction company’s stock valued at $161,308,000 after buying an additional 12,013 shares in the last quarter. Verition Fund Management LLC lifted its stake in D.R. Horton by 82.4% in the third quarter. Verition Fund Management LLC now owns 25,126 shares of the construction company’s stock valued at $4,793,000 after buying an additional 11,352 shares in the last quarter. Finally, Atlantic Union Bankshares Corp lifted its stake in D.R. Horton by 5.6% in the third quarter. Atlantic Union Bankshares Corp now owns 63,394 shares of the construction company’s stock valued at $12,094,000 after buying an additional 3,380 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI opened at $168.78 on Monday. D.R. Horton, Inc. has a 1-year low of $125.43 and a 1-year high of $199.85. The company has a market cap of $54.21 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.61 and a beta of 1.74. The company’s fifty day simple moving average is $177.29 and its 200 day simple moving average is $168.28. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the firm earned $4.45 earnings per share. D.R. Horton’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, research analysts forecast that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s payout ratio is currently 11.14%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays cut their price target on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Bank of America boosted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Wells Fargo & Company cut their price objective on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. UBS Group cut their price objective on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada cut their price objective on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $185.87.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.