Systematic Financial Management LP Sells 450 Shares of D.R. Horton, Inc. (NYSE:DHI)

Systematic Financial Management LP trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 3.5% in the 3rd quarter, Holdings Channel reports. The firm owned 12,303 shares of the construction company’s stock after selling 450 shares during the quarter. Systematic Financial Management LP’s holdings in D.R. Horton were worth $2,347,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. 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 shares of D.R. Horton in the 3rd quarter valued at about $26,000. Signature Resources Capital Management LLC bought a new stake in shares of D.R. Horton during the 2nd quarter valued at about $31,000. Rakuten Securities Inc. grew its holdings in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares in the last quarter. Finally, Wolff Wiese Magana LLC increased its position in shares of 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 worth $40,000 after purchasing an additional 196 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.74% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on DHI. Barclays cut their price target on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company cut their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Citigroup lowered their price target on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. BTIG Research cut their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Trading Down 1.0 %

NYSE:DHI opened at $159.67 on Friday. The firm has a market capitalization of $51.28 billion, a P/E ratio of 11.12, a P/E/G ratio of 0.61 and a beta of 1.71. D.R. Horton, Inc. has a 52 week low of $132.00 and a 52 week high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $175.18 and a 200 day moving average of $168.39.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the company posted $4.45 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. On average, research analysts predict that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. D.R. Horton’s payout ratio is 11.14%.

About D.R. Horton

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.