Mizuho Securities USA LLC Sells 3,826 Shares of D.R. Horton, Inc. (NYSE:DHI)

Mizuho Securities USA LLC decreased its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 16.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,028 shares of the construction company's stock after selling 3,826 shares during the quarter. Mizuho Securities USA LLC's holdings in D.R. Horton were worth $3,630,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in DHI. KBC Group NV lifted its position in shares of D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company's stock worth $51,706,000 after purchasing an additional 212,112 shares during the period. Legacy CG LLC purchased a new stake in D.R. Horton in the third quarter worth about $4,220,000. Bessemer Group Inc. boosted its position in D.R. Horton by 107.6% during the 1st quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company's stock valued at $2,444,000 after acquiring an additional 7,699 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in D.R. Horton by 92.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 415,968 shares of the construction company's stock valued at $68,448,000 after acquiring an additional 199,668 shares in the last quarter. Finally, DNB Asset Management AS grew its holdings in shares of D.R. Horton by 10.3% during the 2nd quarter. DNB Asset Management AS now owns 50,605 shares of the construction company's stock worth $7,132,000 after acquiring an additional 4,723 shares during the period. Institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

DHI has been the topic of several research reports. BTIG Research dropped their price target on D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Bank of America raised their price objective on D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Barclays reduced their target price on shares of 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. Raymond James cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $185.87.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded up $1.64 during midday trading on Friday, reaching $163.51. 2,667,374 shares of the company's stock traded hands, compared to its average volume of 2,509,246. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. D.R. Horton, Inc. has a one year low of $125.28 and a one year high of $199.85. The company has a market cap of $53.28 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 0.59 and a beta of 1.74. The stock has a 50 day moving average of $179.77 and a 200 day moving average of $167.34.

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 (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 company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the company posted $4.45 EPS. D.R. Horton's revenue was down 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 14.4 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Tuesday, November 12th. This is an increase from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's payout ratio is 11.14%.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.74% of the company's stock.

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.