PNC Financial Services Group Inc. Sells 615 Shares of D.R. Horton, Inc. (NYSE:DHI)

PNC Financial Services Group Inc. reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 231,713 shares of the construction company’s stock after selling 615 shares during the period. PNC Financial Services Group Inc. owned approximately 0.07% of D.R. Horton worth $44,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in D.R. Horton during the third quarter worth about $1,746,000. Smead Capital Management Inc. lifted its position in D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after buying an additional 84,835 shares during the last quarter. Caprock Group LLC boosted its stake in D.R. Horton by 5.1% in the third quarter. Caprock Group LLC now owns 8,030 shares of the construction company’s stock worth $1,532,000 after buying an additional 391 shares in the last quarter. Pathstone Holdings LLC grew its position in D.R. Horton by 3.4% during the third quarter. Pathstone Holdings LLC now owns 42,770 shares of the construction company’s stock valued at $8,159,000 after acquiring an additional 1,426 shares during the last quarter. Finally, Mawer Investment Management Ltd. purchased a new position in shares of D.R. Horton during the third quarter worth approximately $14,660,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DHI. Bank of America lifted their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. BTIG Research decreased their price target on 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. Wells Fargo & Company cut their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. UBS Group dropped their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Trading Up 0.5 %

Shares of NYSE DHI opened at $163.13 on Thursday. The firm’s 50 day moving average price is $180.93 and its 200-day moving average price is $167.30. 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. The company has a market cap of $53.15 billion, a PE ratio of 11.36, a P/E/G ratio of 0.58 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $4.45 EPS. On average, equities research analysts expect that D.R. Horton, Inc. will post 14.54 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a $0.40 dividend. 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 0.98%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

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.