Dimensional Fund Advisors LP Has $547.03 Million Stock Holdings in D.R. Horton, Inc. $DHI

Dimensional Fund Advisors LP trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 3.6% during the third quarter, Holdings Channel reports. The institutional investor owned 3,227,832 shares of the construction company’s stock after selling 122,188 shares during the quarter. Dimensional Fund Advisors LP’s holdings in D.R. Horton were worth $547,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Montag A & Associates Inc. bought a new position in D.R. Horton in the 3rd quarter valued at about $1,168,000. Laffer Tengler Investments Inc. purchased a new stake in shares of D.R. Horton in the third quarter worth approximately $5,479,000. Insigneo Advisory Services LLC lifted its holdings in shares of D.R. Horton by 3.1% in the third quarter. Insigneo Advisory Services LLC now owns 2,828 shares of the construction company’s stock valued at $479,000 after purchasing an additional 86 shares in the last quarter. Picton Mahoney Asset Management boosted its position in shares of D.R. Horton by 31.5% during the third quarter. Picton Mahoney Asset Management now owns 127,386 shares of the construction company’s stock valued at $21,586,000 after buying an additional 30,546 shares during the last quarter. Finally, Level Four Advisory Services LLC bought a new stake in D.R. Horton during the third quarter worth $212,000. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DHI. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. BTIG Research set a $182.00 price target on shares of D.R. Horton in a research report on Wednesday, January 21st. Zacks Research cut shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $159.93.

D.R. Horton Stock Performance

NYSE DHI opened at $152.80 on Thursday. The company has a market capitalization of $44.27 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 2.36 and a beta of 1.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The company has a 50-day simple moving average of $155.03 and a 200 day simple moving average of $157.54.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the prior year, the firm earned $2.61 EPS. The company’s revenue was down 9.5% compared to the same quarter last year. On average, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

Insider Transactions at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is owned by corporate insiders.

D.R. Horton Company 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.