Mizuho Securities USA LLC Has $7.95 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Mizuho Securities USA LLC lifted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 82.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,680 shares of the construction company's stock after purchasing an additional 18,826 shares during the period. Mizuho Securities USA LLC's holdings in D.R. Horton were worth $7,951,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DHI. Bfsg LLC increased its stake in 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 buying 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 acquired a new position in D.R. Horton in the 2nd quarter worth approximately $31,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after acquiring an additional 117 shares during the period. Finally, Wolff Wiese Magana LLC grew its holdings in D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock valued at $40,000 after purchasing an additional 196 shares during the period. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DHI. Royal Bank of Canada reduced 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. Raymond James cut D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Evercore ISI reduced their target price 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. 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, JPMorgan Chase & Co. increased their price objective on D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $185.87.

D.R. Horton Price Performance

NYSE DHI traded down $2.13 on Friday, hitting $161.61. 2,507,253 shares of the company were exchanged, compared to its average volume of 3,317,291. 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 1-year low of $125.28 and a 1-year high of $199.85. The company has a market cap of $52.66 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.57 and a beta of 1.74. The firm has a 50 day moving average of $182.40 and a two-hundred day moving average of $166.94.

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 (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 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 firm's revenue for the quarter 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. On average, equities analysts predict that D.R. Horton, Inc. will post 14.54 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be paid a $0.40 dividend. 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 0.99%. The ex-dividend date is Tuesday, November 12th. D.R. Horton's dividend payout ratio (DPR) is 11.14%.

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.