D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,083,761 shares of the construction company's stock after selling 116,157 shares during the quarter. Franklin Resources Inc. owned approximately 0.65% of D.R. Horton worth $389,893,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of DHI. TCI Wealth Advisors Inc. grew its position in D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company's stock valued at $284,000 after acquiring an additional 58 shares during the period. Premier Path Wealth Partners LLC lifted its holdings in shares of D.R. Horton by 1.0% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company's stock valued at $872,000 after acquiring an additional 59 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in D.R. Horton by 1.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company's stock valued at $739,000 after purchasing an additional 60 shares in the last quarter. Whittier Trust Co. raised its position in D.R. Horton by 1.7% in the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company's stock valued at $520,000 after purchasing an additional 63 shares during the period. Finally, Values First Advisors Inc. boosted its position in shares of D.R. Horton by 0.7% in the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company's stock worth $1,251,000 after buying an additional 66 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Performance

NYSE:DHI traded down $1.34 during trading hours on Friday, reaching $149.87. 4,895,541 shares of the stock were exchanged, compared to its average volume of 2,513,076. The stock has a market capitalization of $48.13 billion, a P/E ratio of 10.44, a P/E/G ratio of 0.57 and a beta of 1.71. The firm has a 50 day simple moving average of $171.02 and a 200-day simple moving average of $168.78. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.45 earnings per share. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 1.07%. D.R. Horton's dividend payout ratio is 11.14%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.74% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on DHI shares. Raymond James lowered D.R. Horton from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $200.00 to $183.00 in a research report on Tuesday. Wells Fargo & Company lowered their price target on shares of D.R. Horton from $220.00 to $190.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. BTIG Research dropped their price target on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Finally, Citigroup decreased their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $180.60.

About D.R. Horton

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.