Entropy Technologies LP Has $458,000 Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Entropy Technologies LP trimmed its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 75.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,400 shares of the construction company's stock after selling 7,539 shares during the quarter. Entropy Technologies LP's holdings in D.R. Horton were worth $458,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DHI. Blair William & Co. IL grew its holdings in shares of D.R. Horton by 0.6% in the 1st quarter. Blair William & Co. IL now owns 37,310 shares of the construction company's stock worth $6,139,000 after acquiring an additional 230 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of D.R. Horton by 9.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 26,461 shares of the construction company's stock worth $4,354,000 after acquiring an additional 2,237 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of D.R. Horton in the 1st quarter worth $1,205,000. Vanguard Group Inc. grew its holdings in shares of D.R. Horton by 7.6% during the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company's stock valued at $5,735,620,000 after buying an additional 2,474,262 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of D.R. Horton by 7.9% during the first quarter. Acadian Asset Management LLC now owns 251,271 shares of the construction company's stock valued at $41,334,000 after buying an additional 18,337 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Down 1.3 %

Shares of NYSE:DHI traded down $2.13 on Friday, reaching $161.61. The company had a trading volume of 2,507,253 shares, compared to its average volume of 2,517,690. D.R. Horton, Inc. has a twelve month low of $125.28 and a twelve month high of $199.85. The stock has a 50-day moving average price of $182.40 and a 200 day moving average price of $166.77. The stock has a market capitalization of $52.66 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.56 and a beta of 1.74. 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 (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the firm earned $4.45 EPS. D.R. Horton's quarterly revenue was down 4.7% on a year-over-year basis. On average, equities analysts expect that D.R. Horton, Inc. will post 14.92 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's payout ratio is currently 11.14%.

Wall Street Analyst Weigh In

DHI has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target 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. UBS Group lowered their price target on D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Barclays lowered their price target on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Evercore ISI lowered their price target on D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. Finally, Citigroup reduced their price objective 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. 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.com, the stock has an average rating of "Hold" and a consensus price target of $185.87.

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.