ING Groep NV Sells 16,749 Shares of D.R. Horton, Inc. $DHI

ING Groep NV cut its position in D.R. Horton, Inc. (NYSE:DHI) by 30.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 38,828 shares of the construction company’s stock after selling 16,749 shares during the quarter. ING Groep NV’s holdings in D.R. Horton were worth $6,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Hemington Wealth Management grew its position in shares of D.R. Horton by 22.1% in the third quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock valued at $59,000 after purchasing an additional 64 shares during the last quarter. Apella Capital LLC lifted its position in shares of D.R. Horton by 0.8% during the 3rd quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 69 shares during the last quarter. Mutual Advisors LLC boosted its stake in D.R. Horton by 4.0% during the 3rd quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock valued at $288,000 after purchasing an additional 70 shares during the period. Physician Wealth Advisors Inc. grew its holdings in D.R. Horton by 17.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock valued at $80,000 after buying an additional 71 shares during the last quarter. Finally, Twin Capital Management Inc. lifted its holdings in shares of D.R. Horton by 0.3% during the second quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock worth $3,008,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

NYSE:DHI opened at $164.47 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The company has a 50-day moving average of $152.29 and a 200-day moving average of $156.79. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The company has a market capitalization of $47.65 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 2.53 and a beta of 1.44.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.05. The firm had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.61 earnings per share. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio is presently 16.35%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Argus raised their price objective on shares of D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Bank of America set a $158.00 price target on shares of D.R. Horton in a research report on Wednesday, January 21st. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a report on Wednesday, January 21st. Barclays reduced their target price on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $155.00 price target (down from $180.00) on shares of D.R. Horton in a research note on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $160.29.

D.R. Horton 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.