Robeco Institutional Asset Management B.V. Sells 7,216 Shares of D.R. Horton, Inc. (NYSE:DHI)

Robeco Institutional Asset Management B.V. reduced its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 9.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 67,922 shares of the construction company’s stock after selling 7,216 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in D.R. Horton were worth $12,957,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. TCI Wealth Advisors Inc. lifted its position in D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after acquiring an additional 58 shares in the last quarter. Premier Path Wealth Partners LLC boosted its position in shares of D.R. Horton by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after buying an additional 59 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in D.R. Horton by 1.2% during the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock worth $739,000 after buying an additional 60 shares in the last quarter. Whittier Trust Co. raised its position in D.R. Horton by 1.7% in the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after buying an additional 63 shares during the last quarter. Finally, Values First Advisors Inc. lifted its stake in D.R. Horton by 0.7% during the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after acquiring an additional 66 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DHI. UBS Group lowered their target price on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Barclays dropped their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. BTIG Research reduced their target price 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. Citigroup dropped their price target on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their target price on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $185.87.

D.R. Horton Trading Down 3.8 %

D.R. Horton stock opened at $166.70 on Thursday. The stock has a market cap of $54.32 billion, a P/E ratio of 11.61, a PEG ratio of 0.56 and a beta of 1.74. D.R. Horton, Inc. has a fifty-two week low of $118.07 and a fifty-two week high of $199.85. The firm’s fifty day moving average price is $185.40 and its 200-day moving average price is $165.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.45 EPS. Equities research analysts forecast that D.R. Horton, Inc. will post 15.64 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is 8.36%.

D.R. Horton declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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.