Banque Cantonale Vaudoise Sells 1,541 Shares of D.R. Horton, Inc. (NYSE:DHI)

Banque Cantonale Vaudoise cut its position in D.R. Horton, Inc. (NYSE:DHI) by 85.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 262 shares of the construction company’s stock after selling 1,541 shares during the quarter. Banque Cantonale Vaudoise’s holdings in D.R. Horton were worth $50,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DHI. Bfsg LLC increased its stake in shares of D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares during the last quarter. Coastline Trust Co acquired a new position in D.R. Horton during the third quarter worth approximately $26,000. Signature Resources Capital Management LLC bought a new stake in D.R. Horton in the second quarter valued at approximately $31,000. Rakuten Securities Inc. lifted its position in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its stake in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after acquiring an additional 196 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

DHI opened at $163.53 on Friday. The firm has a market cap of $52.52 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 0.59 and a beta of 1.74. The business’s fifty day moving average is $179.77 and its 200-day moving average is $167.46. D.R. Horton, Inc. has a 52-week low of $125.28 and a 52-week 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.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.45 earnings per share. Sell-side analysts expect that D.R. Horton, Inc. will post 14.4 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. Shareholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 0.98%. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s payout ratio is currently 11.14%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DHI shares. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Barclays reduced their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Citigroup lowered their price target on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. UBS Group reduced their price objective on D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their target price on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, D.R. Horton has an average rating of “Hold” and an average price target of $185.87.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.74% of the company’s stock.

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.