Aberdeen Group plc Has $28.57 Million Holdings in D.R. Horton, Inc. $DHI

Aberdeen Group plc cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 1.8% in the third quarter, Holdings Channel.com reports. The firm owned 168,240 shares of the construction company’s stock after selling 3,039 shares during the period. Aberdeen Group plc’s holdings in D.R. Horton were worth $28,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of DHI. Winnow Wealth LLC acquired a new stake in D.R. Horton in the 3rd quarter valued at about $960,000. Berkshire Hathaway Inc bought a new stake in shares of D.R. Horton during the second quarter valued at approximately $191,491,000. Trinity Street Asset Management LLP acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $25,140,000. Mediolanum International Funds Ltd raised its position in D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock worth $25,670,000 after purchasing an additional 74,266 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in D.R. Horton by 12.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,269,557 shares of the construction company’s stock worth $384,624,000 after buying an additional 252,878 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.66% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $166.16 on Wednesday. The stock has a market cap of $48.14 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 2.59 and a beta of 1.44. The stock has a 50-day moving average of $153.13 and a 200-day moving average of $157.39. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the company earned $2.61 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were given a $0.45 dividend. The ex-dividend date was Thursday, February 5th. 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 currently 16.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Keefe, Bruyette & Woods restated a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Zacks Research cut shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, BTIG Research set a $182.00 price objective on shares of D.R. Horton in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $160.29.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.