Natixis Advisors LLC Purchases 23,893 Shares of D.R. Horton, Inc. (NYSE:DHI)

Natixis Advisors LLC boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 12.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 211,175 shares of the construction company's stock after purchasing an additional 23,893 shares during the period. Natixis Advisors LLC owned 0.06% of D.R. Horton worth $40,285,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DHI. Assenagon Asset Management S.A. boosted its position in D.R. Horton by 1,761.6% during 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 purchasing an additional 987,834 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of D.R. Horton by 51.2% in the second quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company's stock valued at $233,525,000 after buying an additional 561,337 shares during the last quarter. Long Pond Capital LP lifted its position in shares of D.R. Horton by 438.6% in the first quarter. Long Pond Capital LP now owns 659,761 shares of the construction company's stock valued at $108,564,000 after buying an additional 537,276 shares during the last quarter. National Bank of Canada FI lifted its position in shares of D.R. Horton by 265.6% in the first quarter. National Bank of Canada FI now owns 488,376 shares of the construction company's stock valued at $73,239,000 after buying an additional 354,789 shares during the last quarter. Finally, Banque Pictet & Cie SA lifted its position in shares of D.R. Horton by 592.4% in the second quarter. Banque Pictet & Cie SA now owns 402,923 shares of the construction company's stock valued at $56,784,000 after buying an additional 344,731 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHI has been the subject of a number of recent analyst reports. Raymond James cut D.R. Horton from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. Wells Fargo & Company cut their price objective on D.R. Horton from $220.00 to $190.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Bank of America raised their price objective on D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. BTIG Research dropped their price target on D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Finally, Royal Bank of Canada dropped their price target on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, D.R. Horton has a consensus rating of "Hold" and a consensus price target of $185.87.

D.R. Horton Price Performance

DHI stock traded down $0.16 during midday trading on Monday, reaching $161.45. 1,899,062 shares of the stock were exchanged, compared to its average volume of 2,515,182. The stock has a market capitalization of $52.61 billion, a PE ratio of 11.25, a P/E/G ratio of 0.57 and a beta of 1.74. D.R. Horton, Inc. has a 52 week low of $125.28 and a 52 week high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The company has a fifty day moving average price of $182.40 and a 200 day moving average price of $167.12.

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 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 return on equity of 19.24% and a net margin of 12.93%. The company's revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.45 EPS. As a group, analysts expect that D.R. Horton, Inc. will post 14.54 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, November 12th. 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%. D.R. Horton's payout ratio is presently 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.