Zions Bancorporation N.A. Acquires 458 Shares of D.R. Horton, Inc. (NYSE:DHI)

Zions Bancorporation N.A. boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 27.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,139 shares of the construction company’s stock after acquiring an additional 458 shares during the period. Zions Bancorporation N.A.’s holdings in D.R. Horton were worth $408,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of D.R. Horton by 7.6% during 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. Greenhaven Associates Inc. boosted its position in D.R. Horton by 2.3% during the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock valued at $517,198,000 after acquiring an additional 81,900 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of D.R. Horton by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock worth $290,901,000 after acquiring an additional 9,137 shares during the period. Principal Financial Group Inc. raised its position in shares of D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after acquiring an additional 120,892 shares in the last quarter. Finally, National Pension Service lifted its stake in shares of D.R. Horton by 6.0% in the 3rd quarter. National Pension Service now owns 1,108,703 shares of the construction company’s stock valued at $211,507,000 after purchasing an additional 62,971 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Barclays decreased their price target on shares of 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. BTIG Research dropped their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Bank of America raised their target price 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, Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $185.87.

D.R. Horton Trading Down 1.3 %

D.R. Horton stock opened at $161.61 on Friday. D.R. Horton, Inc. has a one year low of $125.28 and a one year high of $199.85. The business’s fifty day moving average is $182.89 and its 200 day moving average is $166.66. The stock has a market capitalization of $52.66 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the company posted $4.45 EPS. D.R. Horton’s revenue was down 4.7% on a year-over-year basis. On average, sell-side analysts predict that D.R. Horton, Inc. will post 14.92 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently announced 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 0.99%. The ex-dividend date of this dividend is Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is 11.14%.

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.