Assetmark Inc. Has $87.78 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Assetmark Inc. increased its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 460,114 shares of the construction company's stock after purchasing an additional 19,511 shares during the period. Assetmark Inc. owned 0.14% of D.R. Horton worth $87,776,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Verdence Capital Advisors LLC raised its stake in D.R. Horton by 4.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,959 shares of the construction company's stock valued at $564,000 after acquiring an additional 136 shares in the last quarter. Applied Finance Capital Management LLC lifted its holdings in D.R. Horton by 6.2% in the third quarter. Applied Finance Capital Management LLC now owns 261,657 shares of the construction company's stock worth $49,916,000 after purchasing an additional 15,370 shares during the period. CWA Asset Management Group LLC bought a new position in D.R. Horton in the 3rd quarter valued at about $1,708,000. AEGON ASSET MANAGEMENT UK Plc acquired a new position in D.R. Horton during the 3rd quarter valued at about $11,003,000. Finally, Fiera Capital Corp bought a new stake in shares of D.R. Horton during the 3rd quarter worth about $248,000. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday. Citigroup reduced their price target on shares of D.R. Horton from $186.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Wedbush raised shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price target for the company in a research note on Tuesday, October 15th. Barclays reduced their price target on shares of D.R. Horton from $200.00 to $192.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Finally, Keefe, Bruyette & Woods upped their price target 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $185.87.

D.R. Horton Trading Up 0.4 %

Shares of NYSE:DHI traded up $0.68 during mid-day trading on Friday, hitting $168.79. The stock had a trading volume of 2,652,161 shares, 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 company has a market cap of $55.00 billion, a PE ratio of 11.75, a P/E/G ratio of 0.56 and a beta of 1.74. D.R. Horton, Inc. has a 12-month low of $120.10 and a 12-month high of $199.85. The company's 50 day moving average is $184.62 and its 200-day moving average is $166.17.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm's revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.45 EPS. On average, sell-side analysts predict that D.R. Horton, Inc. will post 15.54 EPS for the current 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 $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio is currently 8.36%.

D.R. Horton declared that its board has authorized a stock buyback plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

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.