Blueshift Asset Management LLC Sells 3,235 Shares of D.R. Horton, Inc. (NYSE:DHI)

Blueshift Asset Management LLC lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 74.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,089 shares of the construction company’s stock after selling 3,235 shares during the period. Blueshift Asset Management LLC’s holdings in D.R. Horton were worth $208,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA increased its stake in shares of D.R. Horton by 2.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 10,206 shares of the construction company’s stock valued at $1,947,000 after purchasing an additional 262 shares during the last quarter. Soros Capital Management LLC bought a new position in shares of D.R. Horton in the 3rd quarter valued at $9,901,000. Townsquare Capital LLC increased its stake in shares of D.R. Horton by 36.5% in the 3rd quarter. Townsquare Capital LLC now owns 7,698 shares of the construction company’s stock valued at $1,469,000 after purchasing an additional 2,057 shares during the last quarter. Avestar Capital LLC bought a new position in shares of D.R. Horton in the 3rd quarter valued at $229,000. Finally, Brooklyn Investment Group increased its stake in shares of D.R. Horton by 8.0% in the 3rd quarter. Brooklyn Investment Group now owns 3,365 shares of the construction company’s stock valued at $642,000 after purchasing an additional 249 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. UBS Group cut their price objective on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Citigroup cut their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada cut their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. One 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $185.87.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.74% of the stock is owned by company insiders.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $168.90 on Friday. D.R. Horton, Inc. has a one year low of $125.43 and a one year high of $199.85. The firm has a market capitalization of $54.25 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.62 and a beta of 1.74. The business has a 50-day simple moving average of $177.29 and a 200 day simple moving average of $168.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

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 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 return on equity of 19.24% and a net margin of 12.93%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.45 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a $0.40 dividend. 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 0.95%. D.R. Horton’s dividend payout ratio is currently 11.14%.

D.R. Horton 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.