Jacobs Levy Equity Management Inc. Decreases Holdings in D.R. Horton, Inc. (NYSE:DHI)

Jacobs Levy Equity Management Inc. lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 99.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,961 shares of the construction company’s stock after selling 338,003 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in D.R. Horton were worth $565,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Bfsg LLC raised its stake in shares of D.R. Horton by 70.5% in the second 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. Coastline Trust Co bought a new position in D.R. Horton during the 3rd quarter valued at about $26,000. Signature Resources Capital Management LLC purchased a new stake in D.R. Horton in the 2nd quarter worth about $31,000. Rakuten Securities Inc. lifted its stake in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its position in shares of D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after buying an additional 196 shares during the period. 90.63% of the stock is owned by institutional investors.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.74% of the stock is owned by insiders.

D.R. Horton Trading Up 1.5 %

Shares of NYSE:DHI opened at $160.96 on Tuesday. The company has a market capitalization of $51.70 billion, a PE ratio of 11.21, a P/E/G ratio of 0.58 and a beta of 1.71. 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, Inc. has a 12-month low of $133.02 and a 12-month high of $199.85. The business’s fifty day simple moving average is $173.95 and its 200-day simple moving average is $168.88.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 12.93% and a return on equity of 19.24%. D.R. Horton’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.45 EPS. As a group, equities research analysts predict that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was 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%.

Analyst Ratings Changes

DHI has been the topic of several recent analyst reports. BTIG Research reduced their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Bank of America lifted their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a research note on Tuesday, October 15th. UBS Group reduced their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. One investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $185.87.

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.