Claro Advisors LLC Reduces Position in D.R. Horton, Inc. (NYSE:DHI)

Claro Advisors LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,650 shares of the construction company’s stock after selling 136 shares during the period. Claro Advisors LLC’s holdings in D.R. Horton were worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coastline Trust Co acquired a new position in shares of D.R. Horton in the third quarter valued at about $26,000. Rakuten Securities Inc. raised its position in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares during the last quarter. Bfsg LLC lifted its stake in D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after acquiring an additional 74 shares during the period. Wolff Wiese Magana LLC boosted its holdings in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares during the last quarter. Finally, Grove Bank & Trust increased its stake in shares of D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the subject of several analyst reports. BTIG Research decreased their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a research report on Tuesday, October 15th. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Bank of America increased their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Barclays cut their price objective on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Price Performance

NYSE:DHI opened at $161.45 on Tuesday. The firm has a market cap of $52.61 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.74. The stock has a 50 day moving average of $181.88 and a two-hundred day moving average of $167.23. D.R. Horton, Inc. has a 12 month low of $125.28 and a 12 month high of $199.85. 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 posted 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 firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the company posted $4.45 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts expect that D.R. Horton, Inc. will post 14.54 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. D.R. Horton’s payout ratio is presently 11.14%.

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.