Fmr LLC Buys 2,442,581 Shares of D.R. Horton, Inc. (NYSE:DHI)

Fmr LLC boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 44.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,906,129 shares of the construction company's stock after buying an additional 2,442,581 shares during the quarter. Fmr LLC owned approximately 2.43% of D.R. Horton worth $1,508,252,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DHI. Bfsg LLC increased its position in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company's stock worth $25,000 after buying an additional 74 shares during the last quarter. Coastline Trust Co bought a new stake in shares of D.R. Horton in the third quarter valued at approximately $26,000. Signature Resources Capital Management LLC bought a new stake in shares of D.R. Horton in the second quarter valued at approximately $31,000. Rakuten Securities Inc. lifted its stake in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after purchasing an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC lifted its stake in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock worth $40,000 after purchasing an additional 196 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Price Performance

DHI stock opened at $168.68 on Wednesday. The stock has a market capitalization of $54.17 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.59 and a beta of 1.74. The company's 50-day moving average is $178.80 and its 200-day moving average is $167.89. 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, Inc. has a 1 year low of $125.28 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share 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 business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the previous year, the business posted $4.45 EPS. D.R. Horton's revenue was down 4.7% compared to the same quarter last year. Equities research analysts expect that D.R. Horton, Inc. will post 14.4 EPS for the current fiscal 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 paid a $0.40 dividend. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 0.95%. D.R. Horton's dividend payout ratio (DPR) is 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 transaction of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DHI shares. Wells Fargo & Company cut their target price on D.R. Horton from $220.00 to $190.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada lowered their price target on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating for the company in a report on Wednesday, October 30th. Wedbush upgraded 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. Raymond James downgraded D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Finally, Barclays decreased their price objective on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $185.87.

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.

Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.