AM Squared Ltd Sells 100 Shares of D.R. Horton, Inc. (NYSE:DHI)

AM Squared Ltd trimmed its stake in D.R. Horton, Inc. (NYSE:DHI) by 33.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200 shares of the construction company’s stock after selling 100 shares during the period. AM Squared Ltd’s holdings in D.R. Horton were worth $38,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its stake in D.R. Horton by 1,761.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock worth $147,118,000 after buying an additional 987,834 shares during the last quarter. Principal Financial Group Inc. grew its stake in D.R. Horton by 51.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock worth $233,525,000 after buying an additional 561,337 shares during the last quarter. Long Pond Capital LP grew its stake in D.R. Horton by 438.6% during the 1st quarter. Long Pond Capital LP now owns 659,761 shares of the construction company’s stock worth $108,564,000 after buying an additional 537,276 shares during the last quarter. National Bank of Canada FI grew its stake in D.R. Horton by 265.6% during the 1st quarter. National Bank of Canada FI now owns 488,376 shares of the construction company’s stock worth $73,239,000 after buying an additional 354,789 shares during the last quarter. Finally, Banque Pictet & Cie SA grew its stake in D.R. Horton by 592.4% during the 2nd quarter. Banque Pictet & Cie SA now owns 402,923 shares of the construction company’s stock worth $56,784,000 after buying an additional 344,731 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DHI. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Bank of America boosted their price target on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Evercore ISI dropped their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their price target on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods boosted their price target on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $185.87.

D.R. Horton Stock Down 1.3 %

Shares of DHI opened at $161.61 on Friday. D.R. Horton, Inc. has a 52 week low of $125.28 and a 52 week high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $52.66 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.57 and a beta of 1.74. The stock’s 50-day moving average price is $182.40 and its 200-day moving average price is $166.94.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.45 EPS. On average, sell-side analysts predict that D.R. Horton, Inc. will post 14.54 EPS for the current 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 issued a $0.40 dividend. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. D.R. Horton’s dividend 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.