D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Banco Santander S.A.

Banco Santander S.A. cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 10.6% in the third quarter, Holdings Channel.com reports. The fund owned 146,084 shares of the construction company’s stock after selling 17,298 shares during the period. Banco Santander S.A.’s holdings in D.R. Horton were worth $27,868,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Edgestream Partners L.P. lifted its holdings in D.R. Horton by 18.5% during the 1st quarter. Edgestream Partners L.P. now owns 1,715 shares of the construction company’s stock worth $282,000 after buying an additional 268 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of D.R. Horton by 107.6% during the 1st quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock worth $2,444,000 after acquiring an additional 7,699 shares in the last quarter. Pitcairn Co. lifted its stake in D.R. Horton by 10.2% during the first quarter. Pitcairn Co. now owns 1,878 shares of the construction company’s stock worth $309,000 after purchasing an additional 174 shares during the last quarter. Shell Asset Management Co. boosted its stake in D.R. Horton by 55.4% in the first quarter. Shell Asset Management Co. now owns 5,838 shares of the construction company’s stock valued at $961,000 after acquiring an additional 2,082 shares in the last quarter. Finally, CreativeOne Wealth LLC grew its holdings in shares of D.R. Horton by 66.9% during the first quarter. CreativeOne Wealth LLC now owns 3,723 shares of the construction company’s stock worth $613,000 after purchasing an additional 1,492 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on DHI shares. Royal Bank of Canada cut their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a report on Tuesday, October 15th. Evercore ISI cut their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, BTIG Research lowered their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus target price of $185.87.

D.R. Horton Stock Performance

Shares of DHI stock opened at $164.30 on Thursday. D.R. Horton, Inc. has a 12 month low of $125.28 and a 12 month high of $199.85. The company’s fifty day moving average price is $180.93 and its two-hundred day moving average price is $167.30. 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 firm has a market capitalization of $53.54 billion, a P/E ratio of 11.36, a P/E/G ratio of 0.59 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the firm posted $4.45 earnings per share. D.R. Horton’s revenue was down 4.7% compared to the same quarter last year. On average, research analysts anticipate that D.R. Horton, Inc. will post 14.4 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. D.R. Horton’s dividend payout ratio is 11.14%.

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.