Chevy Chase Trust Holdings LLC Sells 4,473 Shares of D.R. Horton, Inc. (NYSE:DHI)

Chevy Chase Trust Holdings LLC lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,354 shares of the construction company's stock after selling 4,473 shares during the period. Chevy Chase Trust Holdings LLC's holdings in D.R. Horton were worth $30,018,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Coastline Trust Co bought a new stake in shares of D.R. Horton during the third quarter worth $26,000. Rakuten Securities Inc. lifted its position in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after purchasing an additional 117 shares during the period. Bfsg LLC boosted its stake in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company's stock valued at $25,000 after purchasing an additional 74 shares during the last quarter. Wolff Wiese Magana LLC grew 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 worth $40,000 after buying an additional 196 shares during the period. Finally, Grove Bank & Trust raised its stake in shares of D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock worth $41,000 after buying an additional 93 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on DHI shares. UBS Group lowered their target price on shares of D.R. Horton from $217.00 to $214.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Barclays dropped their price objective on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Wells Fargo & Company reduced their target price on D.R. Horton from $220.00 to $190.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Bank of America increased their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Finally, BTIG Research lowered their target price on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $185.87.

D.R. Horton Stock Down 0.4 %

Shares of D.R. Horton stock traded down $0.67 on Tuesday, reaching $166.73. 640,388 shares of the company were exchanged, compared to its average volume of 2,495,382. D.R. Horton, Inc. has a one year low of $129.35 and a one year high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $176.77 and a 200 day moving average of $168.40. The company has a market capitalization of $53.55 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 0.62 and a beta of 1.71.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the business posted $4.45 earnings per share. The company's revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities research analysts forecast that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. D.R. Horton's dividend payout ratio is presently 11.14%.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated 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 through this link. 1.74% of the stock is currently owned by corporate insiders.

D.R. Horton 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.