D.R. Horton, Inc. $DHI Shares Sold by GTS Securities LLC

GTS Securities LLC lessened its stake in D.R. Horton, Inc. (NYSE:DHI) by 76.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,827 shares of the construction company’s stock after selling 6,001 shares during the quarter. GTS Securities LLC’s holdings in D.R. Horton were worth $298,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of D.R. Horton by 17.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,031 shares of the construction company’s stock valued at $4,566,000 after purchasing an additional 4,196 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of D.R. Horton by 4.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,903,786 shares of the construction company’s stock valued at $472,969,000 after purchasing an additional 122,434 shares during the period. New Mexico Educational Retirement Board grew its holdings in D.R. Horton by 3.9% during the 2nd quarter. New Mexico Educational Retirement Board now owns 13,382 shares of the construction company’s stock valued at $2,180,000 after purchasing an additional 500 shares in the last quarter. Mufg Securities Americas Inc. grew its holdings in D.R. Horton by 6.6% during the 2nd quarter. Mufg Securities Americas Inc. now owns 7,944 shares of the construction company’s stock valued at $1,294,000 after purchasing an additional 489 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in D.R. Horton by 1.1% during the 2nd quarter. Van ECK Associates Corp now owns 53,984 shares of the construction company’s stock worth $8,793,000 after buying an additional 575 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Down 2.1%

Shares of NYSE:DHI opened at $144.30 on Tuesday. The company’s fifty day moving average is $150.83 and its two-hundred day moving average is $149.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54. The stock has a market capitalization of $40.36 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 2.34 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the business posted $3.36 EPS. The company’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts anticipate that D.R. Horton, Inc. will post 10.46 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s payout ratio is presently 17.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DHI shares. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a report on Wednesday, July 22nd. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Barclays lifted their target price on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company lowered their price objective on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $166.92.

About D.R. Horton

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.