ProShare Advisors LLC Sells 5,503 Shares of D.R. Horton, Inc. (NYSE:DHI)

ProShare Advisors LLC trimmed its stake in D.R. Horton, Inc. (NYSE:DHI) by 11.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,347 shares of the construction company’s stock after selling 5,503 shares during the quarter. ProShare Advisors LLC’s holdings in D.R. Horton were worth $7,297,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Russell Investments Group Ltd. grew its position in D.R. Horton by 25.9% during the 1st quarter. Russell Investments Group Ltd. now owns 742,280 shares of the construction company’s stock valued at $122,104,000 after purchasing an additional 152,499 shares during the last quarter. QRG Capital Management Inc. boosted its stake in D.R. Horton by 3.3% during the 1st quarter. QRG Capital Management Inc. now owns 360,307 shares of the construction company’s stock valued at $59,289,000 after purchasing an additional 11,586 shares during the last quarter. Inspire Advisors LLC boosted its stake in D.R. Horton by 28.3% during the 1st quarter. Inspire Advisors LLC now owns 5,252 shares of the construction company’s stock valued at $864,000 after purchasing an additional 1,160 shares during the last quarter. Meeder Advisory Services Inc. raised its stake in shares of D.R. Horton by 3.5% in the first quarter. Meeder Advisory Services Inc. now owns 5,954 shares of the construction company’s stock worth $980,000 after purchasing an additional 201 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of D.R. Horton by 13.3% in the first quarter. Meeder Asset Management Inc. now owns 76,914 shares of the construction company’s stock worth $12,656,000 after purchasing an additional 9,037 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DHI has been the topic of several analyst reports. Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods raised their price target on D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Barclays reduced their price objective on D.R. Horton from $176.00 to $168.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. BTIG Research reduced their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Finally, UBS Group upped their target price on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $159.12.

D.R. Horton Stock Down 2.9 %

DHI stock opened at $157.51 on Thursday. The firm’s fifty day moving average is $144.40 and its 200 day moving average is $147.99. The firm has a market cap of $51.87 billion, a PE ratio of 10.72, a P/E/G ratio of 0.80 and a beta of 1.71. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.30. The firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. D.R. Horton’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.90 EPS. On average, research analysts forecast that D.R. Horton, Inc. will post 14.29 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.76%. D.R. Horton’s dividend payout ratio is currently 8.17%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the transaction, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Barbara K. Allen sold 363 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the sale, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by corporate insiders.

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.