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.
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.
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.
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