Robeco Institutional Asset Management B.V. Has $12.96 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Robeco Institutional Asset Management B.V. lowered its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 9.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,922 shares of the construction company's stock after selling 7,216 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in D.R. Horton were worth $12,957,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DHI. Bfsg LLC grew its position in D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company's stock worth $25,000 after purchasing an additional 74 shares in the last quarter. Signature Resources Capital Management LLC acquired a new stake in D.R. Horton during the 2nd quarter worth about $31,000. Wolff Wiese Magana LLC boosted its holdings in shares of D.R. Horton by 1,306.7% during the third 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. Grove Bank & Trust grew its position in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock valued at $41,000 after purchasing an additional 93 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in D.R. Horton in the 2nd quarter worth approximately $42,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DHI has been the subject of a number of recent research reports. Citigroup reduced their price target on D.R. Horton from $186.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. Bank of America boosted their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. JMP Securities raised their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the company a "market outperform" rating in a report on Friday, July 19th. BTIG Research dropped their target price on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Finally, Barclays cut their target price on shares of D.R. Horton from $200.00 to $192.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $185.87.

D.R. Horton Stock Up 0.7 %

Shares of D.R. Horton stock traded up $1.14 during trading hours on Thursday, reaching $167.85. 1,507,841 shares of the company's stock were exchanged, compared to its average volume of 2,513,258. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average of $185.40 and a two-hundred day moving average of $165.98. The stock has a market cap of $54.69 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.57 and a beta of 1.74. D.R. Horton, Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly 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 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 quarter last year, the company posted $4.45 EPS. The firm's quarterly revenue was down 4.7% on a year-over-year basis. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 15.64 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. This is a positive change 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 dividend payout ratio (DPR) is currently 8.36%.

D.R. Horton declared that its Board of Directors has approved a stock buyback program on Thursday, July 18th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 6.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

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.