D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Northwest Bancshares Inc.

Northwest Bancshares Inc. lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 21.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 32,526 shares of the construction company's stock after selling 8,811 shares during the quarter. D.R. Horton makes up approximately 1.1% of Northwest Bancshares Inc.'s investment portfolio, making the stock its 22nd largest holding. Northwest Bancshares Inc.'s holdings in D.R. Horton were worth $6,205,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. increased its stake in D.R. Horton by 18.5% during the 1st quarter. Edgestream Partners L.P. now owns 1,715 shares of the construction company's stock valued at $282,000 after purchasing an additional 268 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in D.R. Horton by 10.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 30,569 shares of the construction company's stock valued at $5,030,000 after buying an additional 2,972 shares in the last quarter. Bessemer Group Inc. raised its position in D.R. Horton by 107.6% during the first quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company's stock valued at $2,444,000 after purchasing an additional 7,699 shares in the last quarter. Pitcairn Co. grew its holdings in shares of D.R. Horton by 10.2% during the 1st quarter. Pitcairn Co. now owns 1,878 shares of the construction company's stock valued at $309,000 after purchasing an additional 174 shares during the last quarter. Finally, Natixis raised its stake in shares of D.R. Horton by 69.7% during the first quarter. Natixis now owns 72,096 shares of the construction company's stock valued at $11,863,000 after acquiring an additional 29,614 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Up 0.3 %

DHI stock traded up $0.41 during midday trading on Wednesday, reaching $162.71. The company's stock had a trading volume of 626,702 shares, compared to its average volume of 2,505,667. D.R. Horton, Inc. has a 1 year low of $125.28 and a 1 year high of $199.85. The firm has a market capitalization of $53.02 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 0.58 and a beta of 1.74. The stock has a fifty day simple moving average of $181.37 and a two-hundred day simple moving average of $167.32. 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 (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the firm posted $4.45 earnings per share. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research 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 disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 0.98%. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio (DPR) is presently 11.14%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Evercore ISI decreased their price objective 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. Royal Bank of Canada lowered their price target on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating for the company in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the company an "outperform" rating in a report on Tuesday, July 23rd. Bank of America upped 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. Finally, Raymond James downgraded D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $185.87.

D.R. Horton 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.