Worldquant Millennium Advisors LLC Invests $4.11 Million in D.R. Horton, Inc. (NYSE:DHI)

Worldquant Millennium Advisors LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,558 shares of the construction company's stock, valued at approximately $4,113,000.

Other hedge funds have also made changes to their positions in the company. Mountaineer Partners Management LLC purchased a new position in D.R. Horton during the 3rd quarter valued at about $1,853,178,000. FMR LLC boosted its position in D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares during the last quarter. Smead Capital Management Inc. lifted its stake in shares of D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company's stock worth $480,106,000 after purchasing an additional 84,835 shares during the period. Earnest Partners LLC boosted its holdings in shares of D.R. Horton by 0.4% during the second quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company's stock worth $290,901,000 after purchasing an additional 9,137 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after purchasing an additional 120,892 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of research analyst reports. UBS Group dropped 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 note on Wednesday, October 30th. Royal Bank of Canada lowered 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 research note on Wednesday, October 30th. Barclays cut their target price 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. BTIG Research dropped their price target on D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Finally, Bank of America raised their price objective on D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $185.87.

D.R. Horton Stock Down 0.7 %

Shares of DHI stock traded down $1.17 on Friday, hitting $158.51. The stock had a trading volume of 2,265,463 shares, compared to its average volume of 2,181,553. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85. The firm has a market capitalization of $50.91 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 0.59 and a beta of 1.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The stock's 50 day moving average is $174.54 and its 200-day moving average is $168.59.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.22 billion. During the same period in the previous year, the company earned $4.45 earnings per share. The business's quarterly revenue was down 4.7% on a year-over-year basis. As a group, research analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton's dividend payout ratio is 11.14%.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.74% of the company's stock.

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.