Penserra Capital Management LLC Cuts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Penserra Capital Management LLC lessened its position in D.R. Horton, Inc. (NYSE:DHI) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,633 shares of the construction company’s stock after selling 94 shares during the quarter. Penserra Capital Management LLC’s holdings in D.R. Horton were worth $1,073,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in 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 during the last quarter. Principal Financial Group Inc. boosted its position 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 acquiring an additional 561,337 shares during the last quarter. Banque Pictet & Cie SA grew its stake in D.R. Horton by 592.4% during the 2nd quarter. Banque Pictet & Cie SA now owns 402,923 shares of the construction company’s stock valued at $56,784,000 after acquiring an additional 344,731 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in D.R. Horton in the 2nd quarter valued at about $37,613,000. Finally, KBC Group NV lifted its stake in D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after purchasing an additional 212,112 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the company’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 document filed with the SEC, which is accessible through this link. 1.74% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a report on Tuesday, October 15th. Bank of America lifted their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Citigroup dropped 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. Wells Fargo & Company reduced 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 research note on Wednesday, October 30th. Finally, Royal Bank of Canada dropped their price target on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $185.87.

D.R. Horton Stock Down 2.5 %

NYSE:DHI opened at $168.68 on Wednesday. D.R. Horton, Inc. has a 52 week low of $125.28 and a 52 week high of $199.85. The stock’s fifty day moving average is $178.80 and its two-hundred day moving average is $167.89. The stock has a market capitalization of $54.17 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.59 and a beta of 1.74. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its earnings results 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). 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%. D.R. Horton’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.45 EPS. Research analysts anticipate that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid 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 0.95%. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 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.