Toronto Dominion Bank Has $20.03 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Toronto Dominion Bank lifted its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,969 shares of the construction company's stock after acquiring an additional 15,460 shares during the quarter. Toronto Dominion Bank's holdings in D.R. Horton were worth $20,025,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Coldstream Capital Management Inc. grew its stake in shares of D.R. Horton by 11.8% during the third quarter. Coldstream Capital Management Inc. now owns 5,862 shares of the construction company's stock valued at $1,103,000 after purchasing an additional 617 shares during the last quarter. Geode Capital Management LLC lifted its stake in D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company's stock valued at $1,351,435,000 after buying an additional 21,073 shares during the period. Continuum Advisory LLC boosted its stake in D.R. Horton by 66.1% during the 3rd quarter. Continuum Advisory LLC now owns 387 shares of the construction company's stock worth $74,000 after acquiring an additional 154 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in shares of D.R. Horton by 97.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 50,458 shares of the construction company's stock valued at $9,626,000 after buying an additional 24,955 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of D.R. Horton by 3.8% in the third quarter. Orion Portfolio Solutions LLC now owns 27,576 shares of the construction company's stock worth $5,261,000 after acquiring an additional 999 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DHI. Royal Bank of Canada reduced their target price on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating for the company in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $200.00 to $183.00 in a research report on Tuesday. Bank of America upped their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, September 19th. JPMorgan Chase & Co. downgraded D.R. Horton from a "neutral" rating to an "underweight" rating and lowered their price target for the stock from $188.00 to $156.00 in a research report on Friday. Finally, Barclays reiterated an "equal weight" rating and set a $170.00 target price (down from $192.00) on shares of D.R. Horton in a research note on Wednesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $180.60.

D.R. Horton Price Performance

NYSE:DHI traded down $1.36 during trading hours on Friday, reaching $149.85. 4,895,195 shares of the company were exchanged, compared to its average volume of 2,513,076. The company has a market capitalization of $48.13 billion, a P/E ratio of 10.53, a P/E/G ratio of 0.57 and a beta of 1.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The business has a 50 day moving average of $171.71 and a 200 day moving average of $168.74. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85.

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 analysts' consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.45 EPS. Research analysts forecast that D.R. Horton, Inc. will post 14.17 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. 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 1.07%. The ex-dividend date was Tuesday, November 12th. D.R. Horton's payout ratio is currently 11.14%.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company 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.