ETFs Are Net Sellers of D.R. Horton (DHI) on Monday

This article first appeared on GuruFocus.

ITB led the move, shedding $14.8 million of D.R. Horton stock on Monday, Nov. 2, as ETF activity left the homebuilder with $10.6 million in net selling. More funds traded the other way, with 36 ETFs buying versus 18 selling, but in smaller amounts. It was the third straight day of net selling, following $1.5 million on Oct. 30 and $0.4 million on Oct. 29. Before that, flows were positive, at $7.6 million on Oct. 28 and $1.0 million on Oct. 27.

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For the full record of ETF and guru buying and selling in DHI, see the DHI guru trades page.

Which ETFs sold DHI on Monday?

The largest sellers by dollar value were ITB ($14.8 million), CGGR ($1.1 million) and IWS ($0.2 million). In all, 36 ETFs added shares and 18 cut them.

ETF

Shares changed

Value

Weight in ETF

ITB

-96,730

-$14.8M

17.95%

CGGR

-7,074

-$1.1M

0.94%

IWS

-1,421

-$0.2M

0.36%

SPXL

-1,270

-$0.2M

0.06%

SPYV

-1,188

-$0.2M

0.13%

DGRW

-220

$0.0M

0.37%

IWR

-200

$0.0M

0.28%

QVML

-154

$0.0M

0.06%

ITB cut its stake by 3.35% to 2,788,267 shares, a position worth 17.95% of its portfolio. CGGR sold $1.1 million, while IWS, SPXL and SPYV each trimmed $0.2 million, and DGRW, IWR and QVML posted negligible changes. D.R. Horton operates in the Consumer Cyclical sector's Residential Construction industry and carries a market cap of $39.4 billion.

Have ETFs been buying or selling DHI lately?

Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 3, so the recent trend is mostly selling.

Date

Net value

Buying

Selling

Nov. 2

-$10.6M

Oct. 30

-$1.5M

Oct. 29

-$0.4M

Oct. 28

$7.6M

Oct. 27

$1.0M

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 the year. Gross margin was 22.3% and net margin 8.7%, with a P/E of 14.33, P/B of 1.71 and P/S of 1.25. Its GF Score is 81, GF Value is $155.63 versus a price of $145.23, dividend yield is 1.31% and the year-to-date return is 1.73%.