D.R. Horton, Inc. $DHI Stock Sold by Vise Technologies Inc.

Vise Technologies Inc. decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 16.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,264 shares of the construction company’s stock after selling 3,770 shares during the period. Vise Technologies Inc.’s holdings in D.R. Horton were worth $2,632,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cidel Asset Management Inc. boosted its position in D.R. Horton by 12.3% during the third quarter. Cidel Asset Management Inc. now owns 4,676 shares of the construction company’s stock worth $639,000 after purchasing an additional 513 shares during the period. Unison Advisors LLC raised its position in shares of D.R. Horton by 0.3% in the third quarter. Unison Advisors LLC now owns 39,398 shares of the construction company’s stock valued at $5,384,000 after purchasing an additional 115 shares during the period. Greatmark Investment Partners Inc. bought a new stake in shares of D.R. Horton in the third quarter valued at approximately $228,000. Verdence Capital Advisors LLC lifted its stake in shares of D.R. Horton by 12.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 18,513 shares of the construction company’s stock valued at $2,530,000 after buying an additional 2,086 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of D.R. Horton by 38.1% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 4,012 shares of the construction company’s stock valued at $548,000 after buying an additional 1,107 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DHI. Stonex Financial raised shares of D.R. Horton to a “hold” rating in a report on Thursday, October 15th. Raymond James Financial cut shares of D.R. Horton from a “market perform” rating to an “underperform” rating in a report on Tuesday. Melius Research initiated coverage on D.R. Horton in a research report on Tuesday, October 6th. They set a “sell” rating and a $128.00 target price on the stock. Evercore cut their price target on D.R. Horton from $171.00 to $166.00 in a report on Thursday, October 8th. Finally, Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Five analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average price target of $151.33.

D.R. Horton Trading Up 8.2%

Shares of DHI stock opened at $157.12 on Thursday. The company has a market capitalization of $43.95 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.63 and a beta of 1.35. D.R. Horton, Inc. has a 52-week low of $130.40 and a 52-week high of $170.79. The business’s fifty day moving average is $140.89 and its 200 day moving average is $147.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.95 and a current ratio of 6.01.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.34). The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.07 billion. D.R. Horton had a net margin of 8.74% and a return on equity of 11.93%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.04 earnings per share. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 10.92 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.3%. D.R. Horton’s dividend payout ratio (DPR) is 17.75%.

D.R. Horton Company Profile

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company’s operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.