Gamco Investors INC. ET AL lessened its position in D. R. Horton Inc (NYSE:DHI) by 1.9% in the third quarter, HoldingsChannel.com reports. The fund owned 10,600 shares of the construction company’s stock after selling 200 shares during the period. Gamco Investors INC. ET AL’s holdings in D. R. Horton were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. NuWave Investment Management LLC lifted its stake in shares of D. R. Horton by 97.7% during the 3rd quarter. NuWave Investment Management LLC now owns 690 shares of the construction company’s stock worth $36,000 after buying an additional 341 shares during the last quarter. Liberty Wealth Management LLC acquired a new stake in shares of D. R. Horton during the 3rd quarter worth about $39,000. Quest Capital Management Inc. ADV acquired a new stake in shares of D. R. Horton during the 3rd quarter worth about $43,000. Cornerstone Advisors Inc. lifted its stake in shares of D. R. Horton by 268.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock worth $40,000 after buying an additional 684 shares during the last quarter. Finally, Motco acquired a new stake in shares of D. R. Horton during the 2nd quarter worth about $41,000. 86.78% of the stock is owned by institutional investors.

In related news, Director Michael W. Hewatt sold 7,000 shares of D. R. Horton stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $49.45, for a total transaction of $346,150.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 6.87% of the company’s stock.

Shares of D. R. Horton stock traded up $0.21 during midday trading on Tuesday, hitting $52.86. 446,561 shares of the company traded hands, compared to its average volume of 4,357,150. The stock has a market cap of $18.92 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 1.01 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 6.91. The firm’s fifty day moving average price is $52.48 and its 200-day moving average price is $47.56. D. R. Horton Inc has a 12 month low of $32.39 and a 12 month high of $54.42.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, November 12th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.10. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $4.86 billion. D. R. Horton had a net margin of 9.26% and a return on equity of 16.71%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 EPS. Equities research analysts forecast that D. R. Horton Inc will post 4.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.175 per share. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 1.32%. D. R. Horton’s payout ratio is 14.67%.

A number of analysts have recently issued reports on the stock. BTIG Research restated a “buy” rating on shares of D. R. Horton in a research note on Monday, September 23rd. ValuEngine cut shares of D. R. Horton from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. SunTrust Banks assumed coverage on shares of D. R. Horton in a research note on Monday, August 12th. They set a “buy” rating and a $56.00 target price for the company. JMP Securities raised their target price on shares of D. R. Horton from $49.00 to $52.00 and gave the stock a “market outperform” rating in a research note on Tuesday, September 17th. Finally, Buckingham Research raised their target price on shares of D. R. Horton from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $48.23.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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