Pacer Advisors Inc. Trims Holdings in D.R. Horton, Inc. $DHI

Pacer Advisors Inc. lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 35.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,048,752 shares of the construction company’s stock after selling 583,805 shares during the quarter. Pacer Advisors Inc. owned 0.35% of D.R. Horton worth $177,732,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DHI. Twin Capital Management Inc. raised its position in shares of D.R. Horton by 0.3% during the 2nd quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock valued at $3,008,000 after purchasing an additional 78 shares during the period. Mutual Advisors LLC increased its stake in D.R. Horton by 4.8% in the 2nd quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock worth $225,000 after buying an additional 80 shares in the last quarter. Franchise Capital Ltd raised its holdings in D.R. Horton by 15.7% during the second quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock valued at $81,000 after acquiring an additional 85 shares during the period. Quotient Wealth Partners LLC lifted its position in shares of D.R. Horton by 5.7% in the third quarter. Quotient Wealth Partners LLC now owns 1,659 shares of the construction company’s stock valued at $281,000 after acquiring an additional 90 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its stake in shares of D.R. Horton by 5.3% in the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,000 shares of the construction company’s stock worth $258,000 after acquiring an additional 100 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on D.R. Horton from $190.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th. Barclays lifted their price objective on shares of D.R. Horton from $110.00 to $132.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. BTIG Research assumed coverage on shares of D.R. Horton in a research report on Monday, December 1st. They set a “buy” rating and a $186.00 target price for the company. Keefe, Bruyette & Woods reduced their price target on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a report on Wednesday, October 29th. Finally, Bank of America decreased their price target on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $161.08.

D.R. Horton Trading Up 1.6%

Shares of NYSE DHI opened at $146.75 on Friday. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.48 and a quick ratio of 1.18. The business’s 50 day moving average is $150.64 and its two-hundred day moving average is $151.63. The stock has a market capitalization of $42.72 billion, a P/E ratio of 12.66, a PEG ratio of 1.75 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, October 28th. The construction company reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). The company had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.D.R. Horton’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.92 EPS. As a group, research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were paid a $0.45 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, November 13th. D.R. Horton’s payout ratio is currently 15.53%.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.