D.R. Horton, Inc. $DHI Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 48.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 93,656 shares of the construction company’s stock after selling 88,054 shares during the period. QRG Capital Management Inc.’s holdings in D.R. Horton were worth $15,872,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Evergreen Capital Management LLC grew its stake in D.R. Horton by 6.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 7,038 shares of the construction company’s stock valued at $1,193,000 after acquiring an additional 439 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new stake in shares of D.R. Horton in the third quarter valued at approximately $713,000. Mascoma Wealth Management LLC increased its holdings in shares of D.R. Horton by 358.8% in the third quarter. Mascoma Wealth Management LLC now owns 312 shares of the construction company’s stock valued at $53,000 after purchasing an additional 244 shares during the last quarter. Figure 8 Investment Strategies LLC lifted its position in D.R. Horton by 1.2% during the third quarter. Figure 8 Investment Strategies LLC now owns 10,449 shares of the construction company’s stock worth $1,771,000 after buying an additional 123 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its stake in D.R. Horton by 70.5% during the third quarter. Ritholtz Wealth Management now owns 9,831 shares of the construction company’s stock worth $1,666,000 after buying an additional 4,064 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Down 3.1%

Shares of NYSE DHI opened at $156.02 on Friday. The company has a quick ratio of 1.18, a current ratio of 6.48 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $150.16 and its two-hundred day moving average is $154.38. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The firm has a market cap of $45.42 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.93 and a beta of 1.42.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) 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 quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.92 EPS. Research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently disclosed 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. This is an increase 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 1.2%. The ex-dividend date of this dividend was Thursday, November 13th. D.R. Horton’s dividend payout ratio is currently 15.53%.

Wall Street Analyst Weigh In

DHI has been the subject of a number of recent research reports. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $155.00 target price (down from $180.00) on shares of D.R. Horton in a research note on Tuesday, January 6th. Barclays lifted their target price on shares of D.R. Horton from $110.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Citigroup cut their price target on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a research report on Tuesday. Finally, Royal Bank Of Canada lifted their target price on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $161.62.

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.