Landscape Capital Management L.L.C. Has $442,000 Holdings in D.R. Horton, Inc. (NYSE:DHI)

Landscape Capital Management L.L.C. reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 60.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,315 shares of the construction company’s stock after selling 3,472 shares during the period. Landscape Capital Management L.L.C.’s holdings in D.R. Horton were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in shares of D.R. Horton by 1,761.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock worth $147,118,000 after purchasing an additional 987,834 shares in the last quarter. Principal Financial Group Inc. grew its stake in D.R. Horton by 51.2% during the second quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock worth $233,525,000 after buying an additional 561,337 shares in the last quarter. Banque Pictet & Cie SA increased its holdings in D.R. Horton by 592.4% in the 2nd quarter. Banque Pictet & Cie SA now owns 402,923 shares of the construction company’s stock valued at $56,784,000 after buying an additional 344,731 shares during the period. Bank Pictet & Cie Europe AG acquired a new position in shares of D.R. Horton in the 2nd quarter valued at approximately $37,613,000. Finally, KBC Group NV lifted its holdings in shares of D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after acquiring an additional 212,112 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $163.53 on Monday. 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, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85. The company has a market capitalization of $52.52 billion, a P/E ratio of 11.39, a PEG ratio of 0.59 and a beta of 1.74. The company has a fifty day moving average price of $179.77 and a 200-day moving average price of $167.59.

D.R. Horton (NYSE:DHI) 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). The company 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 firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.45 earnings per share. As a group, equities analysts expect that D.R. Horton, Inc. will post 14.4 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. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 0.98%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank of Canada lowered their price objective on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. Evercore ISI lowered their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company reduced their price objective on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Finally, Citigroup reduced 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 research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.