Mizuho Securities USA LLC Has $3.63 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Mizuho Securities USA LLC cut its holdings in D.R. Horton, Inc. (NYSE:DHI) by 16.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,028 shares of the construction company’s stock after selling 3,826 shares during the quarter. Mizuho Securities USA LLC’s holdings in D.R. Horton were worth $3,630,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Overbrook Management Corp lifted its position in shares of D.R. Horton by 84.7% in the third quarter. Overbrook Management Corp now owns 102,866 shares of the construction company’s stock worth $19,624,000 after buying an additional 47,174 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of D.R. Horton by 59.2% in the 3rd quarter. Intech Investment Management LLC now owns 108,389 shares of the construction company’s stock valued at $20,677,000 after acquiring an additional 40,304 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of D.R. Horton by 153.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,979 shares of the construction company’s stock valued at $17,547,000 after acquiring an additional 55,687 shares in the last quarter. Citizens Financial Group Inc. RI boosted its position in D.R. Horton by 1.6% during the third quarter. Citizens Financial Group Inc. RI now owns 8,006 shares of the construction company’s stock worth $1,527,000 after purchasing an additional 126 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in D.R. Horton by 17.0% during the third quarter. Advisors Asset Management Inc. now owns 27,416 shares of the construction company’s stock valued at $5,230,000 after purchasing an additional 3,990 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.74% of the stock is owned by company insiders.

D.R. Horton Price Performance

D.R. Horton stock opened at $162.05 on Friday. The business has a 50 day simple moving average of $180.39 and a 200 day simple moving average of $167.26. 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 company has a market capitalization of $52.80 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.59 and a beta of 1.74. D.R. Horton, Inc. has a one year low of $125.28 and a one year high of $199.85.

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

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is 11.14%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DHI. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Citigroup cut their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Wedbush raised 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. Bank of America upped their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Barclays lowered their price objective on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $185.87.

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.