Empirical Finance LLC Purchases 154 Shares of D.R. Horton, Inc. (NYSE:DHI)

Empirical Finance LLC lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.0% during the third quarter, HoldingsChannel reports. The firm owned 15,080 shares of the construction company’s stock after buying an additional 154 shares during the quarter. Empirical Finance LLC’s holdings in D.R. Horton were worth $2,877,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sheaff Brock Investment Advisors LLC raised its holdings in D.R. Horton by 110.4% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 6,858 shares of the construction company’s stock worth $1,308,000 after buying an additional 3,599 shares during the period. CIBC Asset Management Inc lifted its stake in D.R. Horton by 6.9% in the 3rd quarter. CIBC Asset Management Inc now owns 44,326 shares of the construction company’s stock valued at $8,456,000 after acquiring an additional 2,842 shares in the last quarter. Balboa Wealth Partners bought a new position in shares of D.R. Horton during the 3rd quarter worth approximately $220,000. Impax Asset Management Group plc acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $4,260,000. Finally, Zions Bancorporation N.A. lifted its position in shares of D.R. Horton by 27.2% in the third quarter. Zions Bancorporation N.A. now owns 2,139 shares of the construction company’s stock worth $408,000 after purchasing an additional 458 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on DHI shares. Evercore ISI decreased their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. UBS Group reduced 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. Citigroup lowered their target price on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target on the stock in a research report on Tuesday, October 15th. Finally, BTIG Research cut their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $185.87.

D.R. Horton Stock Performance

DHI opened at $162.00 on Friday. 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 company has a market capitalization of $52.79 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74. The business has a fifty day simple moving average of $183.29 and a 200 day simple moving average of $166.68. D.R. Horton, Inc. has a 1 year low of $125.28 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The business had revenue of $10 billion during 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%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $4.45 earnings per share. Research analysts expect that D.R. Horton, Inc. will post 14.92 EPS for the current year.

D.R. Horton Increases Dividend

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

D.R. Horton announced that its board has authorized a share repurchase plan on Thursday, July 18th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is 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.