Meeder Asset Management Inc. Sells 6,235 Shares of D.R. Horton, Inc. (NYSE:DHI)

Meeder Asset Management Inc. cut its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 69.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,757 shares of the construction company's stock after selling 6,235 shares during the quarter. Meeder Asset Management Inc.'s holdings in D.R. Horton were worth $526,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DHI. Greenhaven Associates Inc. boosted its stake in D.R. Horton by 2.3% during 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 in the last quarter. Earnest Partners LLC raised its position in shares of D.R. Horton by 0.4% during the second 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. boosted its position in shares of D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after purchasing an additional 120,892 shares during the period. National Pension Service increased its stake in D.R. Horton by 6.0% in the 3rd quarter. National Pension Service now owns 1,108,703 shares of the construction company's stock worth $211,507,000 after purchasing an additional 62,971 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in D.R. Horton by 1,761.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company's stock worth $147,118,000 after buying an additional 987,834 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. 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. Keefe, Bruyette & Woods lifted their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the company an "outperform" rating in a research note on Tuesday, July 23rd. Wedbush upgraded shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price objective for the company in a research note on Tuesday, October 15th. Barclays cut their price target on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Finally, Evercore ISI reduced their price objective on D.R. Horton from $218.00 to $204.00 and set an "outperform" rating for the company in a research report 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. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and a consensus price target of $185.87.

D.R. Horton Stock Performance

Shares of DHI stock traded up $0.83 on Wednesday, hitting $163.13. The company's stock had a trading volume of 1,528,081 shares, compared to its average volume of 2,509,673. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. D.R. Horton, Inc. has a fifty-two week low of $125.28 and a fifty-two week high of $199.85. The stock's 50 day moving average is $181.37 and its 200-day moving average is $167.32. The company has a market capitalization of $53.15 billion, a PE ratio of 11.31, a PEG ratio of 0.58 and a beta of 1.74.

D.R. Horton (NYSE:DHI - Get Free Report) last announced 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). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the firm earned $4.45 earnings per share. D.R. Horton's revenue was down 4.7% on a year-over-year basis. Equities research analysts expect that D.R. Horton, Inc. will post 14.54 earnings per share 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 given a dividend of $0.40 per share. This is an increase from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton's payout ratio is currently 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.