Bridgewater Associates LP Cuts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Bridgewater Associates LP cut its position in D.R. Horton, Inc. (NYSE:DHI) by 21.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,346 shares of the construction company’s stock after selling 43,278 shares during the period. Bridgewater Associates LP’s holdings in D.R. Horton were worth $30,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DHI. Bfsg LLC raised its stake in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares during the period. Coastline Trust Co acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $26,000. Signature Resources Capital Management LLC purchased a new stake in shares of D.R. Horton during the 2nd quarter valued at approximately $31,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after acquiring an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its position in D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after acquiring an additional 196 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.74% of the company’s stock.

D.R. Horton Trading Up 0.4 %

Shares of D.R. Horton stock opened at $169.43 on Thursday. D.R. Horton, Inc. has a 12-month low of $125.28 and a 12-month high of $199.85. The stock has a market cap of $54.42 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 0.63 and a beta of 1.74. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $178.30 and a 200-day simple moving average of $167.90.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the previous year, the business posted $4.45 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts forecast that D.R. Horton, Inc. will post 14.4 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 11.14%.

Analyst Ratings Changes

A number of research firms have commented on DHI. Royal Bank of Canada reduced their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. BTIG Research dropped their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Evercore ISI cut their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. UBS Group decreased their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their price target on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $185.87.

About D.R. Horton

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.