MML Investors Services LLC Sells 257 Shares of D.R. Horton, Inc. (NYSE:DHI)

MML Investors Services LLC trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,429 shares of the construction company’s stock after selling 257 shares during the quarter. MML Investors Services LLC’s holdings in D.R. Horton were worth $11,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton in the third quarter worth approximately $1,853,178,000. FMR LLC boosted its position in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after buying an additional 2,442,581 shares during the period. Smead Capital Management Inc. grew its holdings in D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after acquiring an additional 84,835 shares during the last quarter. Earnest Partners LLC increased its position in shares of D.R. Horton by 0.4% in the second quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock valued at $290,901,000 after acquiring an additional 9,137 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after acquiring an additional 120,892 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. BTIG Research reduced their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Bank of America upped their target price on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. lifted their price target on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $184.20.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s 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 SEC, which is accessible through this hyperlink. Company insiders own 1.74% of the company’s stock.

D.R. Horton Stock Down 2.5 %

Shares of NYSE:DHI opened at $156.98 on Wednesday. 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 stock has a fifty day simple moving average of $173.95 and a two-hundred day simple moving average of $168.88. D.R. Horton, Inc. has a 12-month low of $133.02 and a 12-month high of $199.85. The stock has a market capitalization of $50.42 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 0.58 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results 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). The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.45 EPS. On average, research analysts anticipate that D.R. Horton, Inc. will post 14.26 earnings per share 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. Investors of record on Tuesday, November 12th were issued a $0.40 dividend. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s payout ratio is presently 11.14%.

D.R. Horton 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.