D.R. Horton, Inc. (NYSE:DHI) Holdings Decreased by Parnassus Investments LLC

Parnassus Investments LLC reduced its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,305,496 shares of the construction company's stock after selling 103,866 shares during the quarter. D.R. Horton comprises approximately 1.7% of Parnassus Investments LLC's portfolio, making the stock its 23rd biggest holding. Parnassus Investments LLC owned approximately 1.32% of D.R. Horton worth $821,359,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bfsg LLC boosted 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 during the last quarter. Coastline Trust Co purchased a new position in shares of D.R. Horton in the 3rd quarter worth about $26,000. Signature Resources Capital Management LLC purchased a new position in shares of D.R. Horton in the 2nd quarter worth about $31,000. Rakuten Securities Inc. raised its holdings in shares of D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after purchasing an additional 117 shares during the period. Finally, Wolff Wiese Magana LLC raised its holdings in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock worth $40,000 after purchasing an additional 196 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

D.R. Horton stock traded up $0.83 during mid-day trading on Tuesday, hitting $162.28. 2,257,555 shares of the company's stock traded hands, compared to its average volume of 2,514,032. The firm has a 50 day moving average price of $181.88 and a 200 day moving average price of $167.23. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The company has a market cap of $52.88 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.58 and a beta of 1.74. D.R. Horton, Inc. has a one year low of $125.28 and a one year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results 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). The business 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 firm's revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.45 EPS. On average, equities analysts forecast that D.R. Horton, Inc. will post 14.54 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, November 12th. D.R. Horton's payout ratio is presently 11.14%.

Analyst Ratings Changes

DHI has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their price objective on D.R. Horton from $178.00 to $208.00 and gave the stock an "outperform" rating in a report on Tuesday, July 23rd. Raymond James downgraded D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Barclays reduced their price target on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. UBS Group lowered their price objective on shares of D.R. Horton from $217.00 to $214.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Finally, Bank of America upped their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and a consensus price target of $185.87.

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.