Mission Wealth Management LLC cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 11.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,722 shares of the construction company’s stock after selling 2,200 shares during the period. Mission Wealth Management LLC’s holdings in D.R. Horton were worth $557,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DHI. Benjamin F. Edwards & Company Inc. bought a new stake in D.R. Horton during the first quarter valued at $117,000. Intellectus Partners LLC bought a new stake in D.R. Horton during the fourth quarter valued at $137,000. V Wealth Management LLC bought a new stake in D.R. Horton during the first quarter valued at $203,000. Pacer Advisors Inc. raised its stake in D.R. Horton by 3.4% in the first quarter. Pacer Advisors Inc. now owns 6,082 shares of the construction company’s stock valued at $203,000 after buying an additional 198 shares during the period. Finally, Advisor Partners LLC bought a new stake in D.R. Horton during the first quarter valued at $215,000. Hedge funds and other institutional investors own 82.96% of the company’s stock.

Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

Shares of D.R. Horton, Inc. (DHI) traded down 0.50% on Friday, hitting $33.65. The stock had a trading volume of 3,901,979 shares. D.R. Horton, Inc. has a 52 week low of $26.69 and a 52 week high of $34.94. The company has a market cap of $12.64 billion, a PE ratio of 13.10 and a beta of 1.29. The stock’s 50-day moving average price is $33.26 and its 200 day moving average price is $31.41.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 20th. The construction company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. D.R. Horton had a return on equity of 14.10% and a net margin of 7.38%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, analysts predict that D.R. Horton, Inc. will post $2.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Friday, May 5th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.19%. D.R. Horton’s dividend payout ratio is currently 15.63%.

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Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods restated a “buy” rating and issued a $38.00 target price on shares of D.R. Horton in a report on Tuesday, June 6th. Wedbush boosted their target price on D.R. Horton to $36.00 and gave the stock an “outperform” rating in a report on Monday, June 5th. Mizuho assumed coverage on D.R. Horton in a report on Tuesday, May 16th. They issued a “neutral” rating and a $32.00 target price for the company. Finally, Barclays PLC boosted their target price on D.R. Horton from $30.00 to $34.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 7th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $34.73.

D.R. Horton Company Profile

D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.

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