BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 55,687 Shares of D.R. Horton, Inc. (NYSE:DHI)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 153.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,979 shares of the construction company's stock after purchasing an additional 55,687 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in D.R. Horton were worth $17,547,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Citizens Financial Group Inc. RI increased its holdings in shares of D.R. Horton by 1.6% during the third quarter. Citizens Financial Group Inc. RI now owns 8,006 shares of the construction company's stock worth $1,527,000 after purchasing an additional 126 shares during the period. Advisors Asset Management Inc. increased its stake in D.R. Horton by 17.0% in the third quarter. Advisors Asset Management Inc. now owns 27,416 shares of the construction company's stock valued at $5,230,000 after acquiring an additional 3,990 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in D.R. Horton in the third quarter valued at approximately $1,746,000. Smead Capital Management Inc. increased its stake in D.R. Horton by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company's stock valued at $480,106,000 after acquiring an additional 84,835 shares during the last quarter. Finally, Caprock Group LLC increased its stake in D.R. Horton by 5.1% in the third quarter. Caprock Group LLC now owns 8,030 shares of the construction company's stock valued at $1,532,000 after acquiring an additional 391 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Up 1.0 %

DHI stock traded up $1.67 during midday trading on Friday, hitting $163.53. The stock had a trading volume of 2,667,617 shares, compared to its average volume of 3,279,376. The firm has a market cap of $52.52 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 0.59 and a beta of 1.74. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1-year low of $125.28 and a 1-year high of $199.85. The business has a fifty day moving average price of $179.77 and a two-hundred day moving average price of $167.34.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (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 analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. D.R. Horton's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.45 EPS. On average, sell-side analysts predict that D.R. Horton, Inc. will post 14.4 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were 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 annualized dividend and a yield of 0.98%. The ex-dividend date was Tuesday, November 12th. D.R. Horton's payout ratio is 11.14%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DHI. Bank of America lifted their price objective on shares of 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 shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 target price on the stock in a research note on Tuesday, October 15th. Raymond James cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Royal Bank of Canada decreased their target price on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $185.87.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.74% of the company's stock.

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.