Swiss National Bank Reduces Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Swiss National Bank trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 879,700 shares of the construction company's stock after selling 4,500 shares during the quarter. Swiss National Bank owned approximately 0.27% of D.R. Horton worth $167,820,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DHI. Intech Investment Management LLC purchased a new position in shares of D.R. Horton during the 1st quarter valued at approximately $1,205,000. Edgestream Partners L.P. increased its holdings in D.R. Horton by 18.5% in the 1st quarter. Edgestream Partners L.P. now owns 1,715 shares of the construction company's stock worth $282,000 after acquiring an additional 268 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in D.R. Horton by 10.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 30,569 shares of the construction company's stock worth $5,030,000 after acquiring an additional 2,972 shares in the last quarter. UniSuper Management Pty Ltd increased its holdings in D.R. Horton by 248.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 10,041 shares of the construction company's stock worth $1,652,000 after acquiring an additional 7,161 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in D.R. Horton by 107.6% in the 1st quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company's stock worth $2,444,000 after acquiring an additional 7,699 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 0.1 %

NYSE DHI traded down $0.16 during trading hours on Monday, reaching $161.45. The company had a trading volume of 1,899,062 shares, compared to its average volume of 2,515,182. The stock has a 50-day moving average of $182.40 and a 200 day moving average of $167.12. D.R. Horton, Inc. has a 1-year low of $125.28 and a 1-year 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 stock has a market capitalization of $52.61 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 0.57 and a beta of 1.74.

D.R. Horton (NYSE:DHI - Get Free Report) last posted 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). The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company's quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.45 EPS. As a group, research analysts anticipate that D.R. Horton, Inc. will post 14.54 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Evercore ISI cut their price target on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Bank of America lifted 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 note on Thursday, September 19th. Raymond James cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $185.87.

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.