Greenhaven Associates Inc. Decreases Holdings in D.R. Horton, Inc. $DHI

Greenhaven Associates Inc. cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,637,763 shares of the construction company’s stock after selling 43,300 shares during the period. D.R. Horton comprises approximately 9.4% of Greenhaven Associates Inc.’s investment portfolio, making the stock its 5th biggest position. Greenhaven Associates Inc. owned 1.22% of D.R. Horton worth $616,492,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of D.R. Horton by 12.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,269,557 shares of the construction company’s stock worth $384,624,000 after buying an additional 252,878 shares in the last quarter. Mutual Advisors LLC grew its position in D.R. Horton by 4.0% in the third quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock valued at $288,000 after acquiring an additional 70 shares during the last quarter. UMB Bank n.a. raised its stake in D.R. Horton by 2.7% during the third quarter. UMB Bank n.a. now owns 5,550 shares of the construction company’s stock worth $941,000 after acquiring an additional 148 shares in the last quarter. Independent Advisor Alliance lifted its holdings in shares of D.R. Horton by 28.6% in the third quarter. Independent Advisor Alliance now owns 10,391 shares of the construction company’s stock worth $1,761,000 after acquiring an additional 2,309 shares during the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $371,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

D.R. Horton stock opened at $148.82 on Friday. The stock’s 50 day moving average is $152.19 and its 200 day moving average is $155.78. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54. The firm has a market cap of $43.11 billion, a P/E ratio of 13.52, a P/E/G ratio of 2.32 and a beta of 1.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.61 EPS. As a group, research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be issued a $0.45 dividend. The ex-dividend date is Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s payout ratio is presently 16.35%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Argus increased their price objective on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. BTIG Research set a $182.00 price target on D.R. Horton in a research note on Wednesday, January 21st. Royal Bank Of Canada raised their price objective on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a report on Wednesday, October 29th. Zacks Research cut D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $160.50.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.