Atria Investments Inc reduced its stake in shares of  D.R. Horton, Inc. (NYSE:DHI – Free Report) by 24.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor  owned 37,374 shares of the construction company’s stock after selling 12,299 shares during the quarter. Atria Investments Inc’s holdings in D.R. Horton were worth $4,818,000 at the end of the most recent quarter. 
Several other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Assetmark Inc. increased its stake in D.R. Horton by 10.8% in the second quarter. Assetmark Inc. now owns 508,221 shares of the construction company’s stock valued at $65,520,000 after purchasing an additional 49,456 shares during the period. Hantz Financial Services Inc. increased its stake in D.R. Horton by 1,678.9% in the second quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock valued at $44,000 after purchasing an additional 319 shares during the period. Whalen Wealth Management Inc. increased its stake in D.R. Horton by 17.7% in the second quarter. Whalen Wealth Management Inc. now owns 3,751 shares of the construction company’s stock valued at $484,000 after purchasing an additional 565 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in D.R. Horton in the second quarter valued at $25,139,000. Finally, William Allan Corp increased its stake in D.R. Horton by 0.4% in the second quarter. William Allan Corp now owns 28,391 shares of the construction company’s stock valued at $3,660,000 after purchasing an additional 110 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.
D.R. Horton Stock Down 0.1%
Shares of NYSE DHI opened at $149.08 on Friday. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The company has a market capitalization of $44.44 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 3.09 and a beta of 1.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.48 and a quick ratio of 1.19. The firm’s 50-day moving average is $165.25 and its two-hundred day moving average is $144.43.
D.R. Horton Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, November 13th. D.R. Horton’s payout ratio is currently 13.81%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Bank of America dropped their price objective on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. UBS Group lifted their price objective on shares of D.R. Horton from $187.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup restated a “market outperform” rating on shares of D.R. Horton in a research note on Thursday. Royal Bank Of Canada boosted their price target on shares of D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $157.38.
Insider Buying and Selling at D.R. Horton
In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the sale, the chairman owned 815,672 shares of the company’s stock, valued at $148,623,595.12. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares of the company’s stock, valued at approximately $1,181,631. This represents a 17.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,376 shares of company stock valued at $5,898,848 over the last quarter. Corporate insiders own 0.54% of the company’s stock.
D.R. Horton Company 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.
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