Quantbot Technologies LP Trims Holdings in D.R. Horton, Inc. $DHI

Quantbot Technologies LP reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 69.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 23,744 shares of the construction company’s stock after selling 53,503 shares during the quarter. Quantbot Technologies LP’s holdings in D.R. Horton were worth $3,061,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Twin Capital Management Inc. boosted its position in D.R. Horton by 0.3% during the second quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock worth $3,008,000 after acquiring an additional 78 shares during the last quarter. Mutual Advisors LLC lifted its stake in shares of D.R. Horton by 4.8% during the 2nd quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock worth $225,000 after purchasing an additional 80 shares during the period. Horizon Investments LLC boosted its holdings in shares of D.R. Horton by 1.5% during the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company’s stock worth $708,000 after purchasing an additional 83 shares during the last quarter. Franchise Capital Ltd grew its position in shares of D.R. Horton by 15.7% in the second quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock valued at $81,000 after purchasing an additional 85 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in shares of D.R. Horton by 5.3% in the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,000 shares of the construction company’s stock valued at $258,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DHI shares. Keefe, Bruyette & Woods decreased their price target on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 29th. UBS Group increased their price objective on shares of D.R. Horton from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Bank of America lowered their target price on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Citigroup reaffirmed a “market outperform” rating on shares of D.R. Horton in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada lifted their price target on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $160.15.

D.R. Horton Stock Down 2.6%

Shares of NYSE:DHI opened at $160.73 on Friday. The company has a market capitalization of $46.94 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.97 and a beta of 1.38. The company has a 50 day moving average of $153.92 and a two-hundred day moving average of $148.36. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The company has a quick ratio of 1.18, a current ratio of 6.48 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.25). The firm had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.44 billion. D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. D.R. Horton’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.92 earnings per share. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio is presently 15.53%.

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.