D.R. Horton, Inc. (NYSE:DHI) Stake Lessened by ING Groep NV

ING Groep NV decreased its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 40.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,744 shares of the construction company's stock after selling 20,438 shares during the period. ING Groep NV's holdings in D.R. Horton were worth $5,674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Zions Bancorporation N.A. boosted its position in shares of D.R. Horton by 27.2% in the third quarter. Zions Bancorporation N.A. now owns 2,139 shares of the construction company's stock worth $408,000 after buying an additional 458 shares during the period. KBC Group NV lifted its stake in shares of D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company's stock worth $51,706,000 after acquiring an additional 212,112 shares in the last quarter. Freemont Management S.A. acquired a new position in shares of D.R. Horton in the third quarter worth about $1,526,000. Oppenheimer Asset Management Inc. lifted its stake in shares of D.R. Horton by 0.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 25,578 shares of the construction company's stock worth $4,880,000 after acquiring an additional 168 shares in the last quarter. Finally, GHE LLC lifted its stake in shares of D.R. Horton by 9.3% in the third quarter. GHE LLC now owns 20,064 shares of the construction company's stock worth $3,502,000 after acquiring an additional 1,705 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DHI shares. Wedbush upgraded D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 15th. JPMorgan Chase & Co. upped their price objective on D.R. Horton from $180.00 to $188.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Barclays cut their price objective on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Keefe, Bruyette & Woods upped their price objective on D.R. Horton from $178.00 to $208.00 and gave the company an "outperform" rating in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada cut their price objective on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research note on Wednesday, October 30th. One research 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's stock. According to MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and an average target price of $185.87.

D.R. Horton Price Performance

NYSE DHI traded down $2.13 on Friday, reaching $161.61. 2,507,253 shares of the stock traded hands, compared to its average volume of 2,517,690. The firm's fifty day simple moving average is $182.40 and its 200 day simple moving average is $166.77. 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 company has a market cap of $52.66 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 0.56 and a beta of 1.74. D.R. Horton, Inc. has a 12 month low of $125.28 and a 12 month 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 firm had revenue of $10 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.45 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 14.92 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend 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 is 11.14%.

D.R. Horton Company 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.