Vestcor Inc Has $2.49 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Vestcor Inc cut its holdings in D.R. Horton, Inc. (NYSE:DHI) by 10.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,037 shares of the construction company’s stock after selling 1,515 shares during the quarter. Vestcor Inc’s holdings in D.R. Horton were worth $2,487,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. KBC Group NV grew its holdings in D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after buying an additional 212,112 shares in the last quarter. Legacy CG LLC bought a new position in D.R. Horton in the 3rd quarter valued at $4,220,000. Benjamin Edwards Inc. grew its stake in D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock valued at $7,795,000 after purchasing an additional 36,780 shares during the period. Schear Investment Advisers LLC bought a new position in D.R. Horton in the 3rd quarter valued at $1,308,000. Finally, Rheos Capital Works Inc. grew its stake in D.R. Horton by 84.4% in the 3rd quarter. Rheos Capital Works Inc. now owns 83,000 shares of the construction company’s stock valued at $15,834,000 after purchasing an additional 38,000 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Down 2.5 %

DHI opened at $156.98 on Wednesday. The stock has a market cap of $50.42 billion, a PE ratio of 10.93, a PEG ratio of 0.58 and a beta of 1.71. 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 business has a 50 day moving average of $173.95 and a 200-day moving average of $168.88. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last released 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 firm 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%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.45 EPS. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid 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 of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.02%. D.R. Horton’s payout ratio is presently 11.14%.

Analyst Ratings Changes

A number of brokerages have recently commented on DHI. Barclays dropped their price target on 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. Bank of America upped their price target on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. 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 report on Wednesday, October 30th. BTIG Research dropped their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Citigroup dropped their price objective 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $184.20.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.74% of the stock is owned by company insiders.

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.