D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,107,912 shares of the construction company's stock after acquiring an additional 21,073 shares during the quarter. Geode Capital Management LLC owned about 2.18% of D.R. Horton worth $1,351,435,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DHI. Bfsg LLC boosted its position in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company's stock worth $25,000 after purchasing an additional 74 shares in the last quarter. Coastline Trust Co acquired a new position in shares of D.R. Horton during the third quarter valued at about $26,000. Signature Resources Capital Management LLC purchased a new stake in D.R. Horton during the 2nd quarter worth approximately $31,000. Rakuten Securities Inc. raised its holdings in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after buying an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its holdings in shares of 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 valued at $40,000 after buying an additional 196 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. BTIG Research cut their price objective on D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company cut their price target on D.R. Horton from $220.00 to $190.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Evercore ISI decreased their price target on 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, Citigroup cut 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $182.73.

D.R. Horton Trading Down 2.1 %

Shares of DHI traded down $3.30 during midday trading on Wednesday, hitting $153.70. 3,564,966 shares of the stock were exchanged, compared to its average volume of 2,504,608. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The firm has a market cap of $49.36 billion, a P/E ratio of 10.74, a P/E/G ratio of 0.58 and a beta of 1.71. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85. The stock has a fifty day simple moving average of $173.23 and a 200 day simple moving average of $168.97.

D.R. Horton (NYSE:DHI - Get Free Report) last released its 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). The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business's revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.45 earnings per share. On average, research analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. D.R. Horton's dividend payout ratio (DPR) is 11.14%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.