CWA Asset Management Group LLC Buys New Holdings in D.R. Horton, Inc. (NYSE:DHI)

CWA Asset Management Group LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,955 shares of the construction company's stock, valued at approximately $1,708,000.

Other institutional investors have also modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc purchased a new position in D.R. Horton during the third quarter worth about $11,003,000. Fiera Capital Corp purchased a new position in shares of D.R. Horton during the 3rd quarter worth approximately $248,000. Montecito Bank & Trust acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $735,000. Principal Financial Group Inc. boosted its stake in shares of D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after buying an additional 120,892 shares in the last quarter. Finally, Graypoint LLC grew its holdings in D.R. Horton by 11.6% during the third quarter. Graypoint LLC now owns 3,843 shares of the construction company's stock worth $733,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on DHI shares. Bank of America boosted their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Raymond James lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of D.R. Horton from $180.00 to $188.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. UBS Group lowered their price target on D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Finally, Wedbush raised D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price objective for the company in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to 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 midday trading on Friday, reaching $168.79. 2,652,161 shares of the stock were exchanged, compared to its average volume of 3,101,310. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $55.00 billion, a P/E ratio of 11.75, a P/E/G ratio of 0.56 and a beta of 1.74. The stock has a 50 day moving average price of $184.62 and a 200-day moving average price of $166.30. D.R. Horton, Inc. has a 52-week low of $120.10 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last released its 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). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.22 billion. During the same period in the previous year, the firm posted $4.45 earnings per share. The firm's revenue was down 4.7% on a year-over-year basis. Equities research analysts expect that D.R. Horton, Inc. will post 15.54 earnings per share for the current fiscal year.

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

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, November 12th. 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 0.95%. D.R. Horton's dividend payout ratio is 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.