D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 261,657 shares of the construction company's stock after purchasing an additional 15,370 shares during the period. D.R. Horton makes up approximately 1.2% of Applied Finance Capital Management LLC's portfolio, making the stock its 20th largest position. Applied Finance Capital Management LLC owned about 0.08% of D.R. Horton worth $49,916,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bfsg LLC grew its stake in shares of D.R. Horton by 70.5% during the 2nd 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. Signature Resources Capital Management LLC acquired a new position in D.R. Horton during the second quarter worth about $31,000. Wolff Wiese Magana LLC lifted its position in shares of D.R. Horton by 1,306.7% during the 3rd 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. Grove Bank & Trust boosted its stake in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock worth $41,000 after acquiring an additional 93 shares in the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of D.R. Horton in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wedbush upgraded D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 target price on the stock in a research report on Tuesday, October 15th. Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $220.00 to $190.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Barclays cut their target price on shares of 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. JMP Securities increased their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the company a "market outperform" rating in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. lifted their price objective on D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $185.87.

D.R. Horton Trading Up 0.4 %

NYSE DHI traded up $0.68 during trading hours on Friday, hitting $168.79. 2,652,161 shares of the company's stock were exchanged, compared to its average volume of 3,101,310. 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 capitalization of $55.00 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74. The business's 50 day moving average is $184.62 and its 200-day moving average is $166.17. D.R. Horton, Inc. has a 12-month low of $120.10 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced 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 return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same quarter in the previous year, the company earned $4.45 earnings per share. The company's revenue was down 4.7% on a year-over-year basis. As a group, analysts anticipate that D.R. Horton, Inc. will post 15.54 EPS for the current fiscal year.

D.R. Horton declared that its Board of Directors has authorized a stock repurchase program on Thursday, July 18th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 6.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. D.R. Horton's payout ratio is currently 8.36%.

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.