D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by KBC Group NV

KBC Group NV boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 360.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,038 shares of the construction company's stock after purchasing an additional 212,112 shares during the quarter. KBC Group NV owned about 0.08% of D.R. Horton worth $51,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Vanguard Group Inc. boosted its holdings in shares of D.R. Horton by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company's stock valued at $5,735,620,000 after buying an additional 2,474,262 shares in the last quarter. Greenhaven Associates Inc. lifted its position in D.R. Horton by 2.3% during the second quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company's stock valued at $517,198,000 after acquiring an additional 81,900 shares during the last quarter. Earnest Partners LLC boosted its stake in D.R. Horton by 0.4% in the second quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company's stock valued at $290,901,000 after acquiring an additional 9,137 shares in the last quarter. Principal Financial Group Inc. grew its holdings in 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 worth $339,174,000 after purchasing an additional 120,892 shares during the last quarter. Finally, National Pension Service increased its position in shares of D.R. Horton by 6.0% during the third quarter. National Pension Service now owns 1,108,703 shares of the construction company's stock worth $211,507,000 after purchasing an additional 62,971 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DHI shares. BTIG Research lowered their price objective on D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Bank of America raised their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. Wells Fargo & Company cut their price objective on shares of D.R. Horton from $220.00 to $190.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Barclays decreased their price objective on shares of D.R. Horton from $200.00 to $192.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $185.87.

D.R. Horton Stock Performance

DHI stock traded down $2.13 during trading on Friday, hitting $161.61. 2,492,783 shares of the company traded hands, compared to its average volume of 2,517,690. D.R. Horton, Inc. has a 1 year low of $125.28 and a 1 year high of $199.85. The company has a market cap of $52.66 billion, a PE ratio of 11.25, a P/E/G ratio of 0.56 and a beta of 1.74. The stock's 50-day simple moving average is $182.89 and its 200 day simple moving average is $166.66. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI - Get Free Report) last posted 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). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the firm earned $4.45 earnings per share. The business's revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities analysts expect that D.R. Horton, Inc. will post 14.92 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. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, November 12th. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. D.R. Horton's dividend payout ratio (DPR) is 11.14%.

D.R. Horton declared that its Board of Directors has initiated a share repurchase program on Thursday, July 18th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is 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.