D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,310 shares of the construction company's stock after selling 3,385 shares during the period. D.R. Horton makes up approximately 0.8% of Foster & Motley Inc.'s investment portfolio, making the stock its 28th biggest position. Foster & Motley Inc.'s holdings in D.R. Horton were worth $11,887,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DHI. Vanguard Group Inc. grew its position in D.R. Horton by 7.6% in the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company's stock worth $5,735,620,000 after acquiring an additional 2,474,262 shares in the last quarter. Greenhaven Associates Inc. lifted its stake in shares of D.R. Horton by 2.3% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company's stock valued at $517,198,000 after purchasing an additional 81,900 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of D.R. Horton by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company's stock worth $290,901,000 after purchasing an additional 9,137 shares during the period. Principal Financial Group Inc. increased its position in shares of D.R. Horton by 51.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company's stock valued at $233,525,000 after purchasing an additional 561,337 shares during the last quarter. Finally, National Pension Service raised its holdings in D.R. Horton by 6.0% during the 3rd quarter. National Pension Service now owns 1,108,703 shares of the construction company's stock valued at $211,507,000 after buying an additional 62,971 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Down 3.8 %

Shares of D.R. Horton stock traded down $6.56 on Wednesday, reaching $166.71. The stock had a trading volume of 6,452,623 shares, compared to its average volume of 2,517,082. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $54.32 billion, a P/E ratio of 12.06, a P/E/G ratio of 0.56 and a beta of 1.74. The company has a 50 day moving average price of $185.82 and a 200 day moving average price of $165.98. D.R. Horton, Inc. has a 1 year low of $118.07 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.45 earnings per share. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 15.64 EPS for the current year.

D.R. Horton declared that its board has initiated a share buyback program on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.96%. The ex-dividend date is Tuesday, November 12th. This is an increase from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio (DPR) is currently 8.36%.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective 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. JMP Securities upped their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the company a "market outperform" rating in a report on Friday, July 19th. Bank of America raised their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Wells Fargo & Company cut their target price on D.R. Horton from $220.00 to $190.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Finally, Citigroup decreased their target price on D.R. Horton from $186.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.