D.R. Horton, Inc. (NYSE:DHI) Position Trimmed by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHIGet Rating) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,266 shares of the construction company’s stock after selling 9,893 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in D.R. Horton were worth $13,151,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Heartland Bank & Trust Co bought a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $322,000. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of D.R. Horton by 4.2% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 8,789 shares of the construction company’s stock valued at $953,000 after buying an additional 355 shares in the last quarter. New Century Advisors LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $1,381,000. Kentucky Retirement Systems grew its stake in shares of D.R. Horton by 6.4% in the 4th quarter. Kentucky Retirement Systems now owns 20,070 shares of the construction company’s stock valued at $2,177,000 after buying an additional 1,200 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in D.R. Horton by 6.9% in the 4th quarter. Toronto Dominion Bank now owns 209,970 shares of the construction company’s stock worth $22,769,000 after purchasing an additional 13,478 shares during the last quarter. 82.98% of the stock is currently owned by institutional investors.

DHI stock traded up $2.68 during midday trading on Tuesday, reaching $74.03. The stock had a trading volume of 53,215 shares, compared to its average volume of 3,977,132. The business has a fifty day simple moving average of $80.12 and a two-hundred day simple moving average of $90.17. The company has a quick ratio of 1.15, a current ratio of 6.03 and a debt-to-equity ratio of 0.33. The firm has a market cap of $26.23 billion, a price-to-earnings ratio of 5.73, a PEG ratio of 0.44 and a beta of 1.65. D.R. Horton, Inc. has a twelve month low of $68.79 and a twelve month high of $110.45.

D.R. Horton (NYSE:DHIGet Rating) last issued its earnings results on Wednesday, February 2nd. The construction company reported $3.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.80 by $0.37. D.R. Horton had a return on equity of 30.88% and a net margin of 15.66%. The firm had revenue of $7.05 billion for the quarter, compared to analysts’ expectations of $6.72 billion. During the same quarter last year, the business earned $2.14 earnings per share. The company’s revenue was up 18.9% compared to the same quarter last year. On average, equities analysts predict that D.R. Horton, Inc. will post 15.92 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 25th. Stockholders of record on Thursday, February 17th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, February 16th. D.R. Horton’s dividend payout ratio (DPR) is presently 7.22%.

DHI has been the subject of several analyst reports. StockNews.com initiated coverage on D.R. Horton in a report on Thursday, March 31st. They issued a “hold” rating for the company. BTIG Research restated a “buy” rating and issued a $126.00 target price on shares of D.R. Horton in a report on Thursday, February 3rd. UBS Group began coverage on D.R. Horton in a report on Wednesday, January 19th. They set a “buy” rating and a $135.00 price target for the company. Credit Suisse Group began coverage on D.R. Horton in a report on Tuesday, April 5th. They set a “neutral” rating and a $89.00 price target for the company. Finally, Barclays cut their price target on D.R. Horton from $125.00 to $104.00 in a report on Thursday, March 31st. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $108.68.

In related news, Director Barbara K. Allen sold 423 shares of D.R. Horton stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $85.46, for a total value of $36,149.58. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Barbara K. Allen sold 1,122 shares of D.R. Horton stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $82.63, for a total value of $92,710.86. The disclosure for this sale can be found here. Insiders have sold a total of 5,545 shares of company stock worth $482,980 in the last quarter. 0.49% of the stock is currently owned by company insiders.

About D.R. Horton (Get Rating)

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 31 states and 98 markets under the names of D.R.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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