Prospera Financial Services Inc Sells 736 Shares of D.R. Horton, Inc. (NYSE:DHI)

Prospera Financial Services Inc cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 35.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,330 shares of the construction company’s stock after selling 736 shares during the quarter. Prospera Financial Services Inc’s holdings in D.R. Horton were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DHI. Assenagon Asset Management S.A. lifted its position 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 buying an additional 987,834 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of D.R. Horton by 51.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock valued at $233,525,000 after purchasing an additional 561,337 shares during the period. Banque Pictet & Cie SA raised its holdings in shares of 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 purchasing an additional 344,731 shares during the period. Bank Pictet & Cie Europe AG bought a new stake in shares of D.R. Horton in the 2nd quarter valued at about $37,613,000. Finally, KBC Group NV raised its holdings in shares of D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after purchasing an additional 212,112 shares during the period. 90.63% of the stock is owned by institutional investors.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.74% of the stock is currently owned by insiders.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $172.97 on Tuesday. The company’s 50 day simple moving average is $179.34 and its 200 day simple moving average is $167.76. The stock has a market capitalization of $55.55 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 0.59 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton, Inc. has a 1 year low of $125.28 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business earned $4.45 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 14.4 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

Analysts Set New Price Targets

DHI has been the topic of a number of research analyst reports. Bank of America upped their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Citigroup dropped their target price on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada dropped their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company lowered their price target 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. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Company 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.