Intech Investment Management LLC Raises Holdings in D.R. Horton, Inc. (NYSE:DHI)

Intech Investment Management LLC grew its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 59.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,389 shares of the construction company's stock after purchasing an additional 40,304 shares during the period. Intech Investment Management LLC's holdings in D.R. Horton were worth $20,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in D.R. Horton by 1,761.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company's stock valued at $147,118,000 after buying an additional 987,834 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of D.R. Horton by 51.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company's stock worth $233,525,000 after acquiring an additional 561,337 shares during the last quarter. Long Pond Capital LP boosted its position in shares of D.R. Horton by 438.6% during the 1st quarter. Long Pond Capital LP now owns 659,761 shares of the construction company's stock worth $108,564,000 after purchasing an additional 537,276 shares during the period. Banque Pictet & Cie SA increased its holdings in D.R. Horton by 592.4% in the 2nd quarter. Banque Pictet & Cie SA now owns 402,923 shares of the construction company's stock valued at $56,784,000 after purchasing an additional 344,731 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG purchased a new stake in D.R. Horton in the second quarter valued at approximately $37,613,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DHI has been the subject of a number of research reports. Raymond James cut D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Royal Bank of Canada cut their price target on shares of 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. Wells Fargo & Company lowered their price objective on shares of 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. Bank of America upped their target price 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. Finally, Barclays decreased their price target 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $185.87.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $163.13 on Thursday. The stock's 50-day simple moving average is $180.93 and its 200-day simple moving average is $167.30. 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 capitalization of $53.15 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.59 and a beta of 1.74. D.R. Horton, Inc. has a fifty-two week low of $125.28 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm's quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.45 EPS. As a group, equities research analysts forecast 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 issued a dividend of $0.40 per share. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. D.R. Horton's dividend payout ratio (DPR) is presently 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.

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