US Bancorp DE Has $24.74 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

US Bancorp DE increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 129,660 shares of the construction company’s stock after buying an additional 1,599 shares during the quarter. US Bancorp DE’s holdings in D.R. Horton were worth $24,735,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Vanguard Group Inc. boosted its stake in shares of D.R. Horton by 7.6% in 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 in the last quarter. Assenagon Asset Management S.A. boosted its position in D.R. Horton by 1,761.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock valued at $147,118,000 after buying an additional 987,834 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of D.R. Horton by 51.2% during the second quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock worth $233,525,000 after buying an additional 561,337 shares in the last quarter. Long Pond Capital LP lifted its stake in shares of D.R. Horton by 438.6% in the 1st quarter. Long Pond Capital LP now owns 659,761 shares of the construction company’s stock valued at $108,564,000 after acquiring an additional 537,276 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of D.R. Horton by 265.6% during the 1st quarter. National Bank of Canada FI now owns 488,376 shares of the construction company’s stock valued at $73,239,000 after acquiring an additional 354,789 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JMP Securities upped their target price on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Friday, July 19th. Evercore ISI dropped their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday. Wells Fargo & Company cut 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. Bank of America raised their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $185.33.

D.R. Horton Trading Down 0.8 %

Shares of D.R. Horton stock opened at $167.61 on Friday. The stock has a 50 day moving average price of $186.47 and a two-hundred day moving average price of $165.31. D.R. Horton, Inc. has a 52 week low of $111.59 and a 52 week high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.32. The stock has a market capitalization of $54.61 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 0.57 and a beta of 1.72.

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 analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. D.R. Horton’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.45 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 15.87 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 8.36%.

D.R. Horton declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 18th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the construction company to buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.