BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $17.55 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 153.4% in the 3rd quarter, Holdings Channel reports. The firm owned 91,979 shares of the construction company’s stock after acquiring an additional 55,687 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in D.R. Horton were worth $17,547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Citizens Financial Group Inc. RI grew its holdings in D.R. Horton by 1.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 8,006 shares of the construction company’s stock worth $1,527,000 after acquiring an additional 126 shares during the period. Advisors Asset Management Inc. increased its holdings in D.R. Horton by 17.0% in the third quarter. Advisors Asset Management Inc. now owns 27,416 shares of the construction company’s stock worth $5,230,000 after purchasing an additional 3,990 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in D.R. Horton in the third quarter valued at approximately $1,746,000. Smead Capital Management Inc. boosted its holdings in shares of D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after buying an additional 84,835 shares in the last quarter. Finally, Caprock Group LLC grew its position in shares of D.R. Horton by 5.1% during the 3rd quarter. Caprock Group LLC now owns 8,030 shares of the construction company’s stock worth $1,532,000 after buying an additional 391 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Evercore ISI reduced their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. BTIG Research reduced their price objective 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. Royal Bank of Canada lowered their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. Bank of America lifted 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 report 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 equities research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $185.87.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $163.51 on Friday. The company has a 50-day moving average price of $179.77 and a two-hundred day moving average price of $167.34. D.R. Horton, Inc. has a twelve month low of $125.28 and a twelve month 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 firm has a market capitalization of $53.28 billion, a PE ratio of 11.39, a P/E/G ratio of 0.59 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last issued its 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 business had revenue of $10 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.45 EPS. Equities analysts forecast that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 11.14%.

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.74% of the stock is owned by company insiders.

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.