Wellington Management Group LLP Has $8.34 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Wellington Management Group LLP reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 97.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,736 shares of the construction company's stock after selling 2,040,436 shares during the quarter. Wellington Management Group LLP's holdings in D.R. Horton were worth $8,344,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Coastline Trust Co acquired a new position in D.R. Horton during the 3rd quarter worth $26,000. Rakuten Securities Inc. lifted its stake in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after acquiring an additional 117 shares during the period. Bfsg LLC boosted its holdings in D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company's stock valued at $25,000 after acquiring an additional 74 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock valued at $40,000 after acquiring an additional 196 shares during the last quarter. Finally, Grove Bank & Trust increased its position in D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock worth $41,000 after purchasing an additional 93 shares during the period. 90.63% of the stock is owned by institutional investors.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the firm's stock in a transaction on 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.74% of the stock is owned by insiders.

D.R. Horton Stock Down 1.5 %

DHI stock traded down $2.28 during mid-day trading on Monday, hitting $147.59. 4,144,165 shares of the company were exchanged, compared to its average volume of 2,520,904. The firm has a market cap of $47.40 billion, a P/E ratio of 10.28, a P/E/G ratio of 0.57 and a beta of 1.71. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The firm's 50 day simple moving average is $170.27 and its 200 day simple moving average is $169.17.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company's revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.45 earnings per share. On average, sell-side analysts predict that D.R. Horton, Inc. will post 14.17 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. D.R. Horton's dividend payout ratio (DPR) is presently 11.14%.

Analysts Set New Price Targets

DHI has been the topic of several recent research reports. Evercore ISI reduced their target price on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. BTIG Research reduced their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Bank of America upped their target price 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. UBS Group reduced their price target on D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their price objective on D.R. Horton from $220.00 to $190.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $180.60.

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.