Swiss National Bank Lowers Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Swiss National Bank cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 879,700 shares of the construction company’s stock after selling 4,500 shares during the quarter. Swiss National Bank owned 0.27% of D.R. Horton worth $167,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Thrivent Financial for Lutherans raised its holdings in shares of D.R. Horton by 2.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 438,225 shares of the construction company’s stock valued at $83,600,000 after buying an additional 9,624 shares in the last quarter. Schear Investment Advisers LLC purchased a new stake in D.R. Horton during the 3rd quarter valued at $1,308,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of D.R. Horton in the third quarter worth about $17,456,000. Natixis Advisors LLC grew its position in shares of D.R. Horton by 12.8% in the 3rd quarter. Natixis Advisors LLC now owns 211,175 shares of the construction company’s stock worth $40,285,000 after buying an additional 23,893 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in D.R. Horton by 82.4% in the third quarter. Mizuho Securities USA LLC now owns 41,680 shares of the construction company’s stock valued at $7,951,000 after acquiring an additional 18,826 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $161.61 on Monday. The business has a 50-day simple moving average of $182.40 and a two-hundred day simple moving average of $167.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The firm has a market cap of $52.66 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 0.57 and a beta of 1.74. D.R. Horton, Inc. has a fifty-two week low of $125.28 and a fifty-two week high of $199.85.

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 the consensus estimate 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 analysts’ expectations of $10.22 billion. During the same period in the previous year, the firm earned $4.45 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts expect that D.R. Horton, Inc. will post 14.54 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be paid a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

Analyst Ratings Changes

DHI has been the topic of several research reports. UBS Group dropped their price target on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Royal Bank of Canada decreased their price target on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a research note on Tuesday, October 15th. Finally, Evercore ISI dropped their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $185.87.

D.R. Horton 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.