MetLife Investment Management LLC Sells 2,699 Shares of D.R. Horton, Inc. (NYSE:DHI)

MetLife Investment Management LLC lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,354 shares of the construction company’s stock after selling 2,699 shares during the period. MetLife Investment Management LLC’s holdings in D.R. Horton were worth $14,566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DHI. Bfsg LLC boosted its stake in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after buying an additional 74 shares during the period. Coastline Trust Co purchased a new stake in D.R. Horton in the third quarter valued at approximately $26,000. Signature Resources Capital Management LLC bought a new stake in shares of D.R. Horton during the 2nd quarter worth $31,000. Rakuten Securities Inc. grew its position in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares in the last quarter. Finally, Wolff Wiese Magana LLC increased its stake in D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.4 %

DHI opened at $169.43 on Thursday. D.R. Horton, Inc. has a one year low of $125.28 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The business has a 50 day simple moving average of $178.30 and a two-hundred day simple moving average of $167.90. The firm has a market capitalization of $54.42 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 0.63 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.45 EPS. Analysts predict that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 11.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DHI shares. UBS Group cut their price objective on D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Barclays reduced their price target on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Bank of America boosted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a report on Tuesday, October 15th. Finally, BTIG Research lowered their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $185.87.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.74% of the stock is currently owned by company insiders.

D.R. Horton 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.