D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Entropy Technologies LP

Entropy Technologies LP decreased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 75.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,400 shares of the construction company’s stock after selling 7,539 shares during the quarter. Entropy Technologies LP’s holdings in D.R. Horton were worth $458,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DHI. TCI Wealth Advisors Inc. increased its holdings in D.R. Horton by 4.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after purchasing an additional 58 shares during the last quarter. Premier Path Wealth Partners LLC raised its holdings in D.R. Horton by 1.0% in the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after acquiring an additional 59 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in D.R. Horton by 1.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after acquiring an additional 60 shares during the last quarter. Whittier Trust Co. grew its holdings in D.R. Horton by 1.7% during the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after acquiring an additional 63 shares in the last quarter. Finally, Values First Advisors Inc. increased its position in shares of D.R. Horton by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock worth $1,251,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DHI shares. Royal Bank of Canada reduced their price target on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI reduced their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target 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. Finally, Citigroup decreased their price objective on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. One investment 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $185.87.

D.R. Horton Trading Down 1.3 %

D.R. Horton stock opened at $161.61 on Friday. D.R. Horton, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $52.66 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.56 and a beta of 1.74. The firm has a 50-day moving average price of $182.89 and a two-hundred day moving average price of $166.66.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data 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 return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the firm posted $4.45 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. Sell-side analysts expect that D.R. Horton, Inc. will post 14.92 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is currently 11.14%.

D.R. Horton 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.