LSV Asset Management Sells 72,260 Shares of D.R. Horton, Inc. (NYSE:DHI)

LSV Asset Management lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 18.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 319,000 shares of the construction company’s stock after selling 72,260 shares during the period. LSV Asset Management’s holdings in D.R. Horton were worth $52,491,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Silver Oak Securities Incorporated bought a new position in D.R. Horton during the third quarter valued at approximately $43,000. Graham Capital Management L.P. bought a new position in shares of D.R. Horton during the 3rd quarter valued at $1,115,000. Public Sector Pension Investment Board lifted its holdings in shares of D.R. Horton by 9.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 32,614 shares of the construction company’s stock valued at $3,505,000 after buying an additional 2,893 shares during the period. American Century Companies Inc. boosted its stake in shares of D.R. Horton by 11.9% in the 3rd quarter. American Century Companies Inc. now owns 136,067 shares of the construction company’s stock worth $14,623,000 after buying an additional 14,439 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in D.R. Horton by 49.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 7,539 shares of the construction company’s stock valued at $810,000 after acquiring an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the transaction, the director now owns 1,703 shares in the company, valued at $256,642.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Barbara K. Allen sold 363 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the sale, the director now owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now owns 1,703 shares in the company, valued at $256,642.10. The disclosure for this sale can be found here. Corporate insiders own 1.74% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the topic of several research reports. Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $181.00 to $156.00 in a research report on Tuesday, July 2nd. StockNews.com downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. BTIG Research reduced their price objective on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Bank of America decreased their target price on D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Finally, Jefferies Financial Group upped their price target on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $156.25.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded up $4.01 on Friday, hitting $153.74. 3,935,849 shares of the company traded hands, compared to its average volume of 2,478,836. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75. The business has a 50-day simple moving average of $143.86 and a 200 day simple moving average of $147.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The stock has a market capitalization of $50.63 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 0.69 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the previous year, the firm posted $2.73 EPS. D.R. Horton’s revenue for the quarter was up 14.2% compared to the same quarter last year. Research analysts expect that D.R. Horton, Inc. will post 14.29 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

D.R. Horton Company Profile

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.