Oppenheimer & Co. Inc. Sells 951 Shares of D.R. Horton, Inc. (NYSE:DHI)

Oppenheimer & Co. Inc. cut its holdings in D.R. Horton, Inc. (NYSE:DHI) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,662 shares of the construction company’s stock after selling 951 shares during the period. Oppenheimer & Co. Inc.’s holdings in D.R. Horton were worth $3,369,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Legacy CG LLC bought a new stake in shares of D.R. Horton during the 3rd quarter worth about $4,220,000. Bessemer Group Inc. grew its holdings in D.R. Horton by 107.6% during the first quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock valued at $2,444,000 after purchasing an additional 7,699 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of D.R. Horton by 92.3% in the first quarter. Canada Pension Plan Investment Board now owns 415,968 shares of the construction company’s stock valued at $68,448,000 after purchasing an additional 199,668 shares during the period. DNB Asset Management AS lifted its stake in shares of D.R. Horton by 10.3% in the second quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock worth $7,132,000 after buying an additional 4,723 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of D.R. Horton by 36.1% during the 1st quarter. Atria Investments Inc now owns 61,729 shares of the construction company’s stock worth $10,157,000 after buying an additional 16,386 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $161.61 on Friday. The firm has a market cap of $52.66 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74. The firm’s 50-day simple moving average is $182.89 and its 200-day simple moving average is $166.66. D.R. Horton, Inc. has a twelve month low of $125.28 and a twelve month high of $199.85. 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 released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the firm posted $4.45 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, research analysts expect that D.R. Horton, Inc. will post 14.92 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.40 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, November 12th. D.R. Horton’s dividend payout ratio is currently 11.14%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wells Fargo & Company cut their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Bank of America increased their target price on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target on the stock in a research report on Tuesday, October 15th. Barclays reduced their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average target price of $185.87.

About D.R. Horton

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.