Charles Schwab Investment Management Inc. Trims Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Charles Schwab Investment Management Inc. decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,810,836 shares of the construction company's stock after selling 187,357 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.56% of D.R. Horton worth $345,453,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DHI. Bfsg LLC grew its stake in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company's stock worth $25,000 after purchasing an additional 74 shares during the period. Coastline Trust Co bought a new position in shares of D.R. Horton during the 3rd quarter worth approximately $26,000. Signature Resources Capital Management LLC acquired a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $31,000. Rakuten Securities Inc. increased its stake in shares of D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after acquiring an additional 117 shares in the last quarter. Finally, Wolff Wiese Magana LLC lifted its position in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock valued at $40,000 after acquiring an additional 196 shares during the period. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Raymond James cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Citigroup decreased their target price on D.R. Horton from $186.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada dropped their price target on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research note on Wednesday, October 30th. Evercore ISI reduced their price objective on D.R. Horton from $218.00 to $204.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Finally, BTIG Research cut their target price on D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, D.R. Horton currently has a consensus rating of "Hold" and an average price target of $185.87.

D.R. Horton Stock Up 1.0 %

DHI stock traded up $1.67 during trading on Friday, reaching $163.53. The stock had a trading volume of 2,667,617 shares, compared to its average volume of 3,279,376. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $52.52 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 0.59 and a beta of 1.74. D.R. Horton, Inc. has a one year low of $125.28 and a one year high of $199.85. The company's 50 day moving average is $179.77 and its two-hundred day moving average is $167.34.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business's revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.45 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 14.4 EPS for the current 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 paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton's payout ratio is presently 11.14%.

Insider Activity at D.R. Horton

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

D.R. Horton Company 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.