Jacobs Levy Equity Management Inc. Sells 338,003 Shares of D.R. Horton, Inc. (NYSE:DHI)

Jacobs Levy Equity Management Inc. lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 99.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,961 shares of the construction company's stock after selling 338,003 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in D.R. Horton were worth $565,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Smead Capital Management Inc. boosted its holdings in shares of D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company's stock worth $480,106,000 after buying an additional 84,835 shares in the last quarter. Earnest Partners LLC grew its position in shares of D.R. Horton by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company's stock worth $290,901,000 after buying an additional 9,137 shares during the period. Principal Financial Group Inc. lifted its position in shares of D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after acquiring an additional 120,892 shares during the period. Finally, Holocene Advisors LP boosted its stake in D.R. Horton by 12.3% during the third quarter. Holocene Advisors LP now owns 1,513,734 shares of the construction company's stock worth $288,775,000 after acquiring an additional 165,997 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Insider Activity at D.R. Horton

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

D.R. Horton Price Performance

DHI traded down $3.64 during trading on Tuesday, reaching $157.32. 1,312,878 shares of the company were exchanged, compared to its average volume of 2,494,141. 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 cap of $50.53 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 0.58 and a beta of 1.71. D.R. Horton, Inc. has a 12-month low of $133.02 and a 12-month high of $199.85. The company's 50-day moving average is $173.95 and its two-hundred day moving average is $168.88.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its 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 firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the company posted $4.45 EPS. The business's revenue was down 4.7% on a year-over-year basis. Research analysts forecast that D.R. Horton, Inc. will post 14.26 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. Stockholders of record on Tuesday, November 12th were issued 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 of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.02%. D.R. Horton's payout ratio is presently 11.14%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DHI shares. JPMorgan Chase & Co. upped their price objective on shares of D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Raymond James downgraded D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods downgraded D.R. Horton from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday. Barclays cut their target price on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. Finally, Royal Bank of Canada lowered their price target on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating for the company in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $184.20.

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.