Los Angeles Capital Management LLC Has $68.60 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Los Angeles Capital Management LLC lessened its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 14.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 359,614 shares of the construction company's stock after selling 59,401 shares during the period. Los Angeles Capital Management LLC owned 0.11% of D.R. Horton worth $68,604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. Forsta AP Fonden boosted its holdings in shares of D.R. Horton by 8.8% during the 1st quarter. Forsta AP Fonden now owns 59,200 shares of the construction company's stock worth $9,741,000 after buying an additional 4,800 shares during the period. Atomi Financial Group Inc. grew its position in shares of D.R. Horton by 15.2% in the first quarter. Atomi Financial Group Inc. now owns 1,918 shares of the construction company's stock valued at $316,000 after purchasing an additional 253 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of D.R. Horton during the first quarter worth approximately $1,249,000. NorthRock Partners LLC lifted its holdings in D.R. Horton by 9.8% during the 1st quarter. NorthRock Partners LLC now owns 2,514 shares of the construction company's stock worth $414,000 after purchasing an additional 225 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in D.R. Horton by 13.3% in the 1st quarter. Meeder Asset Management Inc. now owns 76,914 shares of the construction company's stock valued at $12,656,000 after purchasing an additional 9,037 shares during the period. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DHI shares. JPMorgan Chase & Co. lifted their target price on D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Barclays cut their price objective on shares of D.R. Horton from $200.00 to $192.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Wells Fargo & Company lowered their target price on shares of D.R. Horton from $220.00 to $190.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Citigroup cut their price target on D.R. Horton from $186.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Finally, UBS Group lowered their price objective on D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $185.87.

D.R. Horton Price Performance

D.R. Horton stock traded up $0.68 during midday trading on Friday, reaching $168.79. The company's stock had a trading volume of 2,652,161 shares, compared to its average volume of 3,101,310. The stock has a market cap of $55.00 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 52 week low of $120.10 and a 52 week high of $199.85. The business has a 50-day moving average price of $184.62 and a 200-day moving average price of $166.30.

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 (EPS) 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 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 company's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $4.45 earnings per share. On average, sell-side analysts predict that D.R. Horton, Inc. will post 15.54 EPS for the current year.

D.R. Horton declared that its board has approved a stock repurchase plan on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.40 per share. This is an increase from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. D.R. Horton's dividend payout ratio (DPR) is 8.36%.

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.