D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 0.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,107,912 shares of the construction company’s stock after buying an additional 21,073 shares during the quarter. Geode Capital Management LLC’s holdings in D.R. Horton were worth $1,351,435,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bfsg LLC raised its stake in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares during the period. Coastline Trust Co acquired a new stake in shares of D.R. Horton during the 3rd quarter worth $26,000. Signature Resources Capital Management LLC purchased a new position in shares of D.R. Horton in the 2nd quarter worth $31,000. Rakuten Securities Inc. boosted its holdings in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after acquiring an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its position in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

NYSE DHI opened at $156.98 on Wednesday. The stock has a market capitalization of $50.42 billion, a PE ratio of 10.93, a P/E/G ratio of 0.58 and a beta of 1.71. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85. The stock has a 50-day simple moving average of $173.95 and a 200 day simple moving average of $168.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 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 analyst estimates 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 for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.45 earnings per share. Research analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is presently 11.14%.

Analysts Set New Price Targets

Several research firms have issued reports on DHI. Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a research note on Tuesday, October 15th. BTIG Research decreased their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company lowered their price target on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $184.20.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.74% of the company’s stock.

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.