D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,326 shares of the construction company’s stock after selling 140 shares during the period. Endowment Wealth Management Inc.’s holdings in D.R. Horton were worth $444,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy CG LLC acquired a new stake in D.R. Horton in the third quarter valued at about $4,220,000. Bessemer Group Inc. increased its holdings in D.R. Horton by 107.6% in the first quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock valued at $2,444,000 after buying an additional 7,699 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in D.R. Horton by 92.3% in the first quarter. Canada Pension Plan Investment Board now owns 415,968 shares of the construction company’s stock valued at $68,448,000 after buying an additional 199,668 shares in the last quarter. DNB Asset Management AS increased its holdings in D.R. Horton by 10.3% in the second quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock valued at $7,132,000 after buying an additional 4,723 shares in the last quarter. Finally, Atria Investments Inc increased its holdings in D.R. Horton by 36.1% in the first quarter. Atria Investments Inc now owns 61,729 shares of the construction company’s stock valued at $10,157,000 after buying an additional 16,386 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective 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. Barclays decreased their target price on shares of 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. Wells Fargo & Company decreased their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, UBS Group decreased their target price 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus target price of $185.87.

D.R. Horton Stock Performance

D.R. Horton stock opened at $161.13 on Thursday. D.R. Horton, Inc. has a 12-month low of $125.28 and a 12-month high of $199.85. The company has a market capitalization of $52.50 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 0.57 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The firm’s fifty day moving average price is $183.29 and its 200 day moving average price is $166.68.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period last year, the firm earned $4.45 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. On average, research analysts forecast that D.R. Horton, Inc. will post 14.92 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be given a $0.40 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is presently 11.14%.

D.R. Horton announced that its board has authorized a stock buyback program on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board 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.