Metropolitan Life Insurance Co NY Lowers Holdings in D. R. Horton Inc (NYSE:DHI)

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Metropolitan Life Insurance Co NY reduced its position in D. R. Horton Inc (NYSE:DHI) by 16.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 51,073 shares of the construction company’s stock after selling 10,151 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in D. R. Horton were worth $2,692,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. NuWave Investment Management LLC raised its holdings in D. R. Horton by 97.7% during the third quarter. NuWave Investment Management LLC now owns 690 shares of the construction company’s stock worth $36,000 after purchasing an additional 341 shares in the last quarter. Liberty Wealth Management LLC acquired a new position in D. R. Horton during the 3rd quarter worth approximately $39,000. Quest Capital Management Inc. ADV purchased a new position in shares of D. R. Horton during the 3rd quarter worth approximately $43,000. Motco purchased a new position in shares of D. R. Horton during the 2nd quarter worth approximately $41,000. Finally, Ibex Wealth Advisors purchased a new position in shares of D. R. Horton during the 2nd quarter worth approximately $41,000. Institutional investors own 83.89% of the company’s stock.

DHI opened at $54.85 on Tuesday. The business’s fifty day moving average is $53.43 and its two-hundred day moving average is $48.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.35 and a current ratio of 7.25. The company has a market cap of $20.40 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.03 and a beta of 1.00. D. R. Horton Inc has a one year low of $32.39 and a one year high of $55.80.

D. R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, November 12th. The construction company reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.10. D. R. Horton had a return on equity of 16.63% and a net margin of 9.20%. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the prior year, the company earned $1.22 earnings per share. D. R. Horton’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that D. R. Horton Inc will post 4.88 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be given a $0.175 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 1.28%. D. R. Horton’s payout ratio is currently 16.32%.

A number of analysts recently weighed in on the company. Wells Fargo & Co lifted their price target on D. R. Horton from $54.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. BTIG Research increased their price objective on D. R. Horton from $62.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Buckingham Research cut D. R. Horton from a “buy” rating to a “neutral” rating and set a $58.00 price objective for the company. in a research report on Wednesday, November 13th. Seaport Global Securities began coverage on D. R. Horton in a report on Friday, August 23rd. They issued a “buy” rating and a $59.00 target price for the company. Finally, ValuEngine lowered shares of D. R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $51.92.

In related news, Director Barbara K. Allen sold 470 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $55.36, for a total value of $26,019.20. Following the sale, the director now directly owns 6,120 shares of the company’s stock, valued at approximately $338,803.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 6.87% of the stock is owned by insiders.

D. R. Horton Company Profile

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.

Read More: How Investors Use a Balance Sheet

Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D. R. Horton Inc (NYSE:DHI).

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

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