State Street Corp Has $2.52 Billion Holdings in D.R. Horton, Inc. (NYSE:DHI)

State Street Corp raised its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 0.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,212,576 shares of the construction company's stock after purchasing an additional 8,036 shares during the quarter. State Street Corp owned approximately 4.05% of D.R. Horton worth $2,520,563,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DHI. Bfsg LLC grew its stake in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company's stock valued at $25,000 after buying an additional 74 shares in the last quarter. Coastline Trust Co bought a new stake in D.R. Horton in the third quarter worth approximately $26,000. Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton during the 2nd quarter worth $31,000. Rakuten Securities Inc. raised its holdings in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Finally, Wolff Wiese Magana LLC lifted its stake 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 valued at $40,000 after purchasing an additional 196 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

DHI stock traded down $1.16 during trading on Friday, reaching $158.52. 2,265,135 shares of the stock were exchanged, compared to its average volume of 2,497,443. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85. 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 market capitalization of $50.91 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 0.61 and a beta of 1.71. The stock has a 50 day simple moving average of $175.18 and a 200-day simple moving average of $168.39.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.45 EPS. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a $0.40 dividend. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. D.R. Horton's dividend payout ratio is currently 11.14%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.74% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup cut their target price on D.R. Horton from $186.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on D.R. Horton from $180.00 to $188.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Bank of America upped their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. UBS Group dropped their price target on shares of D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada decreased their price objective on shares of 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and an average 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.