Huntington National Bank Sells 806 Shares of D.R. Horton, Inc. (NYSE:DHI)

Huntington National Bank decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,768 shares of the construction company’s stock after selling 806 shares during the period. Huntington National Bank’s holdings in D.R. Horton were worth $6,060,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Freemont Management S.A. bought a new position in shares of D.R. Horton during the 3rd quarter valued at $1,526,000. Oppenheimer Asset Management Inc. increased its position in D.R. Horton by 0.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 25,578 shares of the construction company’s stock valued at $4,880,000 after acquiring an additional 168 shares during the last quarter. GHE LLC lifted its holdings in D.R. Horton by 9.3% in the third quarter. GHE LLC now owns 20,064 shares of the construction company’s stock valued at $3,502,000 after acquiring an additional 1,705 shares during the period. Chase Investment Counsel Corp boosted its position in D.R. Horton by 2.4% in the third quarter. Chase Investment Counsel Corp now owns 8,400 shares of the construction company’s stock worth $1,602,000 after purchasing an additional 200 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC grew its stake in shares of D.R. Horton by 6.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 6,105 shares of the construction company’s stock valued at $1,165,000 after purchasing an additional 379 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 1.7 %

NYSE DHI opened at $163.81 on Friday. D.R. Horton, Inc. has a 12 month low of $125.28 and a 12 month high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The stock has a market cap of $53.38 billion, a PE ratio of 11.41, a P/E/G ratio of 0.57 and a beta of 1.74. The stock’s 50 day moving average is $183.29 and its 200 day moving average is $166.68.

D.R. Horton (NYSE:DHI) last released its 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 company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $4.45 EPS. Research analysts predict that D.R. Horton, Inc. will post 14.92 EPS for the current fiscal year.

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

D.R. Horton Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on DHI shares. JMP Securities increased their price objective on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. Barclays decreased their price target on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. BTIG Research cut their price objective on shares of 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. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.