CIBC Asset Management Inc Raises Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

CIBC Asset Management Inc increased its position in D.R. Horton, Inc. (NYSE:DHI) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,326 shares of the construction company’s stock after acquiring an additional 2,842 shares during the period. CIBC Asset Management Inc’s holdings in D.R. Horton were worth $8,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. raised its stake in D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after acquiring an additional 58 shares during the last quarter. Premier Path Wealth Partners LLC grew its position in D.R. Horton by 1.0% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after purchasing an additional 59 shares during the period. Coldstream Capital Management Inc. grew its position in D.R. Horton by 1.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock worth $739,000 after purchasing an additional 60 shares during the period. Whittier Trust Co. grew its position in D.R. Horton by 1.7% during the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after purchasing an additional 63 shares during the period. Finally, Values First Advisors Inc. grew its position in D.R. Horton by 0.7% during the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock worth $1,251,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 1.3 %

DHI opened at $161.61 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The company’s 50 day simple moving average is $182.40 and its two-hundred day simple moving average is $166.94. D.R. Horton, Inc. has a 1-year low of $125.28 and a 1-year high of $199.85. The firm has a market capitalization of $52.66 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last released its earnings results 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 return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same period last year, the business earned $4.45 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts expect that D.R. Horton, Inc. will post 14.92 EPS for the current fiscal year.

D.R. Horton Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group cut 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. Evercore ISI cut 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. BTIG Research dropped their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Barclays dropped their target price on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods raised their target price on D.R. Horton from $178.00 to $208.00 and gave the company 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 company’s stock. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average price target of $185.87.

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.