Empowered Funds LLC Lowers Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Empowered Funds LLC cut its position in D.R. Horton, Inc. (NYSE:DHI) by 49.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,014 shares of the construction company’s stock after selling 43,865 shares during the quarter. Empowered Funds LLC’s holdings in D.R. Horton were worth $8,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of D.R. Horton by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after purchasing an additional 2,474,262 shares during the last quarter. Greenhaven Associates Inc. raised its stake in shares of D.R. Horton by 2.3% during the second quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock worth $517,198,000 after acquiring an additional 81,900 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of D.R. Horton by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock worth $290,901,000 after acquiring an additional 9,137 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of D.R. Horton by 7.3% during the 3rd 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. Finally, National Pension Service raised its position in D.R. Horton by 6.0% in the 3rd quarter. National Pension Service now owns 1,108,703 shares of the construction company’s stock worth $211,507,000 after purchasing an additional 62,971 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 1.3 %

Shares of D.R. Horton stock opened at $161.61 on Friday. The company has a market cap of $52.66 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a twelve month low of $125.28 and a twelve month high of $199.85. The company’s 50 day moving average is $182.40 and its 200 day moving average is $166.77.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 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 company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the business earned $4.45 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Research analysts anticipate that D.R. Horton, Inc. will post 14.92 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. D.R. Horton’s payout ratio is currently 11.14%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DHI. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods boosted their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. 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 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.