MML Investors Services LLC Reduces Position in D. R. Horton Inc (DHI)

MML Investors Services LLC reduced its holdings in D. R. Horton Inc (NYSE:DHI) by 26.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,344 shares of the construction company’s stock after selling 6,015 shares during the quarter. MML Investors Services LLC’s holdings in D. R. Horton were worth $689,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Qube Research & Technologies Ltd raised its holdings in shares of D. R. Horton by 2,033.5% during the second quarter. Qube Research & Technologies Ltd now owns 3,883 shares of the construction company’s stock valued at $159,000 after acquiring an additional 3,701 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of D. R. Horton during the second quarter valued at approximately $162,000. Hollencrest Capital Management acquired a new stake in shares of D. R. Horton during the third quarter valued at approximately $205,000. United Asset Strategies Inc. acquired a new stake in shares of D. R. Horton during the second quarter valued at approximately $231,000. Finally, Markel Corp acquired a new stake in shares of D. R. Horton during the second quarter valued at approximately $252,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

Shares of DHI opened at $37.22 on Friday. D. R. Horton Inc has a 52 week low of $32.53 and a 52 week high of $53.32. The company has a market cap of $14.50 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.70 and a beta of 1.26. The company has a current ratio of 7.25, a quick ratio of 1.31 and a debt-to-equity ratio of 0.35.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, November 8th. The construction company reported $1.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.22. D. R. Horton had a net margin of 9.09% and a return on equity of 18.27%. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. On average, equities research analysts predict that D. R. Horton Inc will post 4.35 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 23rd. This is an increase from D. R. Horton’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 1.61%. D. R. Horton’s payout ratio is presently 14.67%.

A number of equities research analysts have recently issued reports on DHI shares. Wedbush set a $43.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a report on Friday, November 9th. BTIG Research cut their price target on shares of D. R. Horton to $52.00 and set a “buy” rating on the stock in a report on Friday, November 9th. Barclays restated a “buy” rating and set a $41.00 price target on shares of D. R. Horton in a report on Friday, November 9th. Credit Suisse Group set a $45.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a report on Wednesday, October 17th. Finally, Bank of America set a $65.00 price objective on shares of D. R. Horton and gave the company a “buy” rating in a research report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $47.86.

WARNING: “MML Investors Services LLC Reduces Position in D. R. Horton Inc (DHI)” was reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.com-unik.info/2018/12/01/mml-investors-services-llc-reduces-position-in-d-r-horton-inc-dhi.html.

D. R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

See Also: Relative Strength Index

Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

Receive News & Ratings for D. R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D. R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit