QRG Capital Management Inc. Cuts Stake in D.R. Horton, Inc. $DHI

QRG Capital Management Inc. cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 48.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,656 shares of the construction company’s stock after selling 88,054 shares during the period. QRG Capital Management Inc.’s holdings in D.R. Horton were worth $15,872,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its stake in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after acquiring an additional 803 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after purchasing an additional 455 shares in the last quarter. Parallel Advisors LLC grew its position in D.R. Horton by 7.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,474 shares of the construction company’s stock worth $319,000 after purchasing an additional 180 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in D.R. Horton by 34.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,371 shares of the construction company’s stock valued at $177,000 after purchasing an additional 350 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in D.R. Horton during the 2nd quarter worth about $302,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DHI has been the subject of a number of research reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $155.00 target price (down previously from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. Barclays upped their price objective on shares of D.R. Horton from $110.00 to $132.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a research report on Wednesday, January 7th. UBS Group cut their price target on D.R. Horton from $195.00 to $191.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $195.00 target price on shares of D.R. Horton in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $161.62.

D.R. Horton Stock Down 3.1%

Shares of DHI opened at $156.02 on Friday. The firm has a market cap of $45.42 billion, a P/E ratio of 13.46, a PEG ratio of 1.93 and a beta of 1.42. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The stock’s 50 day moving average is $150.16 and its two-hundred day moving average is $154.38. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). The company had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.44 billion. D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. D.R. Horton’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.92 EPS. Analysts predict that D.R. Horton, Inc. will post 13.04 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 Thursday, November 20th. Stockholders of record on Thursday, November 13th were paid a dividend of $0.45 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, November 13th. D.R. Horton’s dividend payout ratio is presently 15.53%.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.