Oddo BHF Asset Management Sas Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Oddo BHF Asset Management Sas purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,735 shares of the construction company’s stock, valued at approximately $713,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. TCI Wealth Advisors Inc. grew its stake in D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after buying an additional 58 shares in the last quarter. Premier Path Wealth Partners LLC grew its position in D.R. Horton by 1.0% in the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after acquiring an additional 59 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in D.R. Horton by 1.2% in the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after acquiring an additional 60 shares during the last quarter. Whittier Trust Co. raised its position in D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after purchasing an additional 63 shares in the last quarter. Finally, Covestor Ltd lifted its stake in D.R. Horton by 6.6% during the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI stock opened at $149.87 on Friday. 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 fifty-two week low of $133.02 and a fifty-two week high of $199.85. The firm has a market cap of $48.13 billion, a P/E ratio of 10.44, a P/E/G ratio of 0.57 and a beta of 1.71. The business’s 50 day moving average price is $171.02 and its 200-day moving average price is $168.96.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) 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 company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the previous year, the firm posted $4.45 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.40 dividend. The ex-dividend date was Tuesday, November 12th. 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 yield of 1.07%. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DHI. Barclays reiterated an “equal weight” rating and set a $170.00 price objective (down from $192.00) on shares of D.R. Horton in a research report on Wednesday. BTIG Research decreased their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a report on Tuesday, October 15th. 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 report on Thursday, September 19th. Finally, JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price target for the company from $188.00 to $156.00 in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $180.60.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.