D. R. Horton Inc (NYSE:DHI) Shares Sold by World Asset Management Inc

World Asset Management Inc lowered its position in D. R. Horton Inc (NYSE:DHI) by 5.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,833 shares of the construction company’s stock after selling 1,303 shares during the period. World Asset Management Inc’s holdings in D. R. Horton were worth $985,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its position in shares of D. R. Horton by 2.4% during the 1st quarter. BlackRock Inc. now owns 29,641,765 shares of the construction company’s stock worth $1,226,577,000 after purchasing an additional 707,543 shares during the last quarter. Sanders Capital LLC raised its position in shares of D. R. Horton by 11.5% during the 1st quarter. Sanders Capital LLC now owns 20,738,137 shares of the construction company’s stock worth $939,830,000 after purchasing an additional 2,144,100 shares during the last quarter. FMR LLC raised its position in shares of D. R. Horton by 7.4% during the 1st quarter. FMR LLC now owns 17,558,688 shares of the construction company’s stock worth $726,579,000 after purchasing an additional 1,211,995 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of D. R. Horton by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,877,245 shares of the construction company’s stock worth $203,711,000 after purchasing an additional 88,698 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of D. R. Horton by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 4,694,719 shares of the construction company’s stock worth $162,446,000 after purchasing an additional 338,379 shares during the last quarter. Institutional investors and hedge funds own 87.32% of the company’s stock.

Several research analysts recently weighed in on the stock. Barclays upped their price target on shares of D. R. Horton from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday. BTIG Research upped their price target on shares of D. R. Horton to $56.00 and gave the stock a “buy” rating in a research report on Wednesday. JMP Securities upped their price target on shares of D. R. Horton from $44.00 to $49.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods downgraded shares of D. R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $45.66 to $37.30 in a research report on Monday, April 22nd. Finally, KeyCorp upped their price target on shares of D. R. Horton from $45.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. D. R. Horton has an average rating of “Buy” and a consensus price target of $48.17.

NYSE DHI traded down $0.02 during trading hours on Friday, hitting $47.03. 241,001 shares of the company’s stock traded hands, compared to its average volume of 3,072,201. D. R. Horton Inc has a 52-week low of $32.39 and a 52-week high of $48.02. The company has a market cap of $17.36 billion, a P/E ratio of 11.50, a PEG ratio of 1.08 and a beta of 1.12. The company has a quick ratio of 0.83, a current ratio of 6.91 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average is $44.63.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.20. D. R. Horton had a net margin of 9.26% and a return on equity of 16.70%. The company had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the prior year, the company earned $1.18 EPS. D. R. Horton’s revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts predict that D. R. Horton Inc will post 3.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Monday, August 12th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.60 annualized dividend and a yield of 1.28%. D. R. Horton’s dividend payout ratio is presently 14.67%.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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

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