Meeder Asset Management Inc. Sells 6,235 Shares of D.R. Horton, Inc. (NYSE:DHI)

Meeder Asset Management Inc. trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 69.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,757 shares of the construction company’s stock after selling 6,235 shares during the period. Meeder Asset Management Inc.’s holdings in D.R. Horton were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Edgestream Partners L.P. grew its stake in shares of D.R. Horton by 18.5% during the 1st quarter. Edgestream Partners L.P. now owns 1,715 shares of the construction company’s stock worth $282,000 after acquiring an additional 268 shares during the period. O Shaughnessy Asset Management LLC boosted its position in D.R. Horton by 10.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 30,569 shares of the construction company’s stock worth $5,030,000 after purchasing an additional 2,972 shares during the period. Bessemer Group Inc. increased its stake in shares of D.R. Horton by 107.6% in the first quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock worth $2,444,000 after purchasing an additional 7,699 shares in the last quarter. Pitcairn Co. raised its position in shares of D.R. Horton by 10.2% in the first quarter. Pitcairn Co. now owns 1,878 shares of the construction company’s stock valued at $309,000 after purchasing an additional 174 shares during the period. Finally, Natixis lifted its stake in shares of D.R. Horton by 69.7% during the 1st quarter. Natixis now owns 72,096 shares of the construction company’s stock valued at $11,863,000 after buying an additional 29,614 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DHI shares. BTIG Research lowered their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Barclays cut their target price on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. 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 research report on Tuesday, October 15th. 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 report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Stock Up 0.5 %

DHI opened at $162.28 on Wednesday. The business’s fifty day simple moving average is $181.37 and its 200 day simple moving average is $167.32. D.R. Horton, Inc. has a 52 week low of $125.28 and a 52 week high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The stock has a market cap of $52.88 billion, a PE ratio of 11.30, a P/E/G ratio of 0.58 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last posted 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). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period last year, the business posted $4.45 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. As a group, research analysts expect that D.R. Horton, Inc. will post 14.54 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.99%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

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.