Tidal Investments LLC Has $8.52 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Tidal Investments LLC boosted its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 22.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,659 shares of the construction company's stock after buying an additional 8,107 shares during the quarter. Tidal Investments LLC's holdings in D.R. Horton were worth $8,520,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Mountaineer Partners Management LLC acquired a new stake in D.R. Horton in the 3rd quarter worth $1,853,178,000. FMR LLC raised its stake in shares of D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock valued at $1,508,252,000 after buying an additional 2,442,581 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of D.R. Horton by 51.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company's stock worth $233,525,000 after acquiring an additional 561,337 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of D.R. Horton during the 3rd quarter valued at about $72,672,000. Finally, Banque Pictet & Cie SA increased its stake in D.R. Horton by 592.4% in the second quarter. Banque Pictet & Cie SA now owns 402,923 shares of the construction company's stock valued at $56,784,000 after acquiring an additional 344,731 shares during the period. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Down 1.3 %

NYSE:DHI traded down $1.96 on Friday, hitting $149.25. 3,092,670 shares of the stock were exchanged, compared to its average volume of 2,506,031. 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, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The stock has a market capitalization of $47.93 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 0.57 and a beta of 1.71. The company's 50-day moving average price is $171.71 and its 200 day moving average price is $168.74.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share 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 business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the firm earned $4.45 earnings per share. The company's quarterly revenue was down 4.7% on a year-over-year basis. On average, equities research analysts forecast that D.R. Horton, Inc. will post 14.17 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.40 dividend. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton's dividend payout ratio (DPR) is currently 11.14%.

Wall Street Analyst Weigh In

DHI has been the subject of a number of recent research reports. Raymond James cut D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods cut D.R. Horton from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $200.00 to $183.00 in a report on Tuesday. JPMorgan Chase & Co. cut shares of D.R. Horton from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $188.00 to $156.00 in a research report on Friday. UBS Group reduced 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, Citigroup dropped their price objective on shares of D.R. Horton from $186.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $180.60.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.74% of the stock is currently owned by corporate insiders.

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.