Thrivent Financial for Lutherans Purchases 9,624 Shares of D.R. Horton, Inc. (NYSE:DHI)

Thrivent Financial for Lutherans grew its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 438,225 shares of the construction company's stock after purchasing an additional 9,624 shares during the quarter. Thrivent Financial for Lutherans owned about 0.13% of D.R. Horton worth $83,600,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DHI. Schear Investment Advisers LLC bought a new position in D.R. Horton during the third quarter worth about $1,308,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of D.R. Horton in the third quarter valued at approximately $17,456,000. Natixis Advisors LLC raised its stake in shares of D.R. Horton by 12.8% in the third quarter. Natixis Advisors LLC now owns 211,175 shares of the construction company's stock valued at $40,285,000 after acquiring an additional 23,893 shares during the last quarter. Mizuho Securities USA LLC raised its stake in shares of D.R. Horton by 82.4% in the third quarter. Mizuho Securities USA LLC now owns 41,680 shares of the construction company's stock valued at $7,951,000 after acquiring an additional 18,826 shares during the last quarter. Finally, Coastline Trust Co bought a new position in shares of D.R. Horton in the third quarter valued at approximately $26,000. Institutional investors own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of research analyst reports. 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 note on Thursday, October 31st. Keefe, Bruyette & Woods lifted their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an "outperform" rating in a report on Tuesday, July 23rd. Citigroup lowered their target price on shares of D.R. Horton from $186.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. Evercore ISI lowered their target price on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. Finally, Bank of America lifted their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $185.87.

D.R. Horton Stock Performance

DHI traded down $0.16 on Monday, reaching $161.45. The company had a trading volume of 1,899,062 shares, compared to its average volume of 2,515,182. D.R. Horton, Inc. has a fifty-two week low of $125.28 and a fifty-two week high of $199.85. The stock has a market cap of $52.61 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.57 and a beta of 1.74. The company's fifty day moving average is $182.40 and its 200 day moving average is $167.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the company posted $4.45 EPS. The firm's quarterly revenue was down 4.7% on a year-over-year basis. As a group, analysts predict that D.R. Horton, Inc. will post 14.54 earnings per share 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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date 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 presently 11.14%.

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.