This article first appeared on GuruFocus.
ETF flows have leaned toward selling D.R. Horton (DHI) for four straight sessions, and on Tuesday, Nov. 3, the funds posted a net outflow of $11.1 million. More ETFs traded the other way, with 29 buying versus 9 selling, but the sellers moved larger amounts. The streak began with a net $0.4 million sale on Oct. 29 and deepened through $1.5 million on Oct. 30 and $10.6 million on Nov. 2. That followed a net $7.6 million purchase on Oct. 28.
See which funds are buying and selling on GuruFocus ETF Trends, or find and compare funds with the ETF Screener.
For the full record of ETF and guru buying and selling in DHI, see the DHI guru trades page.
Which ETFs sold DHI on Tuesday?
The largest sellers by dollar value were ITB ($12.4 million), XLY ($2.2 million) and SSO ($0.2 million). In all, 29 ETFs added shares and 9 cut them.
ITB accounted for the bulk of the move, cutting its position by 85,350 shares for a $12.4 million reduction, a 3.06% stake change at a 17.67% portfolio weight. XLY trimmed 15,093 shares worth $2.2 million, while SSO, SPYV, EUSA, ESGU, RPV and SPXL made smaller reductions. D.R. Horton sits in the Consumer Cyclical sector and the Residential Construction industry, with a market cap of $42.6 billion.
Have ETFs been buying or selling DHI lately?
Over the last 5 reported days, ETFs were net buyers on 1 and net sellers on 4, so the recent trend is mostly selling.
What does DHI do?
D.R. Horton Inc. is the largest homebuilder in the United States, headquartered in Arlington, Texas. The company builds and sells single-family homes, which account for the vast majority of its revenue, across dozens of markets in roughly half the states.
D.R. Horton reported trailing-12-month revenue of $33.04 billion, up 4.6% over one year, with a gross margin of 22.3% and a net margin of 8.7%. The stock trades at a P/E of 15.49, a P/B of 1.84 and a P/S of 1.35. Its GF Score is 81, and the GF Value of $155.49 compares with a price of $156.99. The dividend yield is 1.23%, and the shares have returned 9.97% year to date.
