Today: 2,244,940 Shares of D.R. Horton Inc. (DHI) are sold by JPMorgan Chase & Co.

Today: 2,244,940 Shares of D.R. Horton Inc. (DHI) are sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its position in D.R. Horton Inc. (NYSE:DHI) by 14.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,420,545 shares of the company’s stock after selling 2,244,940 shares during the period. JPMorgan Chase & Co. owned approximately 3.60% of D.R. Horton worth $405,302,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DHI. MCF Advisors LLC raised its position in shares of D.R. Horton by 776.6% in the second quarter. MCF Advisors LLC now owns 3,603 shares of the company’s stock worth $113,000 after buying an additional 3,192 shares in the last quarter. Creative Planning raised its position in shares of D.R. Horton by 4.7% in the second quarter. Creative Planning now owns 4,064 shares of the company’s stock worth $128,000 after buying an additional 182 shares in the last quarter. Mckinley Capital Management LLC Delaware raised its position in shares of D.R. Horton by 0.4% in the second quarter. Mckinley Capital Management LLC Delaware now owns 4,144 shares of the company’s stock worth $130,000 after buying an additional 18 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of D.R. Horton by 35.5% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock worth $132,000 after buying an additional 1,100 shares in the last quarter. Finally, Mizuho Asset Management Co. Ltd. raised its position in shares of D.R. Horton by 148.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,390 shares of the company’s stock worth $138,000 after buying an additional 2,626 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

D.R. Horton Inc. (NYSE:DHI) traded down 1.39% on Monday, hitting $28.48. The stock had a trading volume of 1,244,966 shares. The stock’s 50-day moving average is $28.70 and its 200 day moving average is $30.76. D.R. Horton Inc. has a 1-year low of $22.97 and a 1-year high of $34.56. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 12.07 and a beta of 1.17.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.02. D.R. Horton had a return on equity of 13.93% and a net margin of 7.29%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. The company’s revenue was up 18.1% compared to the same quarter last year. On average, equities research analysts predict that D.R. Horton Inc. will post $2.67 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be paid a dividend of $0.10 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 1.39%. The ex-dividend date is Wednesday, November 23rd. D.R. Horton’s payout ratio is presently 17.02%.

A number of brokerages have weighed in on DHI. Bank of America Corp. upgraded D.R. Horton from a “neutral” rating to a “buy” rating and upped their target price for the stock from $35.05 to $36.00 in a research note on Tuesday, September 13th. Royal Bank Of Canada decreased their target price on D.R. Horton from $38.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 9th. RBC Capital Markets set a $34.00 price objective on D.R. Horton and gave the company an “outperform” rating in a research report on Wednesday, November 9th. Evercore ISI started coverage on D.R. Horton in a research report on Monday, November 14th. They set a “buy” rating and a $36.00 price objective on the stock. Finally, MKM Partners set a $32.00 price objective on D.R. Horton and gave the company a “hold” rating in a research report on Wednesday, November 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $31.93.

In other D.R. Horton news, Director Michael W. Hewatt sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total transaction of $159,350.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $159,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.17% of the company’s stock.

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