D.R. Horton, Inc. $DHI Shares Sold by GTS Securities LLC

GTS Securities LLC lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 76.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,827 shares of the construction company’s stock after selling 6,001 shares during the period. GTS Securities LLC’s holdings in D.R. Horton were worth $298,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DHI. BlackRock Inc. purchased a new stake in shares of D.R. Horton in the second quarter valued at $4,067,842,000. Capital World Investors boosted its stake in shares of D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after acquiring an additional 6,695,592 shares during the last quarter. Norges Bank purchased a new stake in D.R. Horton during the 4th quarter worth about $649,305,000. Bank of America Corp DE acquired a new position in D.R. Horton in the 2nd quarter valued at about $477,358,000. Finally, Bank of New York Mellon Corp acquired a new position in D.R. Horton in the 2nd quarter valued at about $294,292,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Down 2.1%

Shares of NYSE:DHI opened at $144.30 on Tuesday. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The stock has a 50-day simple moving average of $150.83 and a 200-day simple moving average of $149.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The stock has a market capitalization of $40.36 billion, a P/E ratio of 13.73, a PEG ratio of 2.34 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the company posted $3.36 earnings per share. D.R. Horton’s revenue was up .0% compared to the same quarter last year. Equities analysts forecast that D.R. Horton, Inc. will post 10.46 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio is currently 17.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research note on Wednesday, July 22nd. Barclays raised their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Citigroup reiterated a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $166.92.

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.