Quadrature Capital Ltd Sells 13,777 Shares of D.R. Horton, Inc. (NYSE:DHI)

Quadrature Capital Ltd lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 28.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,645 shares of the construction company's stock after selling 13,777 shares during the period. Quadrature Capital Ltd's holdings in D.R. Horton were worth $6,607,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DHI. CWM LLC raised its holdings in shares of D.R. Horton by 5.2% in the 2nd quarter. CWM LLC now owns 13,382 shares of the construction company's stock valued at $1,886,000 after buying an additional 661 shares during the period. Csenge Advisory Group boosted its stake in shares of D.R. Horton by 3.2% in the second quarter. Csenge Advisory Group now owns 2,799 shares of the construction company's stock valued at $394,000 after purchasing an additional 88 shares during the period. CX Institutional grew its holdings in shares of D.R. Horton by 20.5% in the second quarter. CX Institutional now owns 4,527 shares of the construction company's stock valued at $638,000 after purchasing an additional 769 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in D.R. Horton by 59.1% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 12,895 shares of the construction company's stock worth $1,817,000 after buying an additional 4,788 shares during the period. Finally, Peak Financial Advisors LLC boosted its position in D.R. Horton by 3.5% in the 2nd quarter. Peak Financial Advisors LLC now owns 19,382 shares of the construction company's stock valued at $2,732,000 after buying an additional 654 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.74% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

NYSE DHI traded down $1.16 during trading hours on Friday, hitting $158.52. The company had a trading volume of 2,265,135 shares, compared to its average volume of 2,497,443. 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 fifty-two week low of $133.02 and a fifty-two week high of $199.85. The business has a fifty day simple moving average of $175.18 and a 200-day simple moving average of $168.39. The firm has a market cap of $50.91 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 0.61 and a beta of 1.71.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate 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 in the previous year, the firm earned $4.45 EPS. D.R. Horton's revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts predict that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. 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 dividend payout ratio is 11.14%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on D.R. Horton from $180.00 to $188.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Bank of America raised their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Evercore ISI decreased their price target on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Wedbush upgraded shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 15th. Finally, 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.