Gulf International Bank UK Ltd Has $4.21 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Gulf International Bank UK Ltd trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.6% during the third quarter, Holdings Channel.com reports. The fund owned 22,062 shares of the construction company’s stock after selling 1,059 shares during the quarter. Gulf International Bank UK Ltd’s holdings in D.R. Horton were worth $4,208,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Legacy CG LLC bought a new position in D.R. Horton during the third quarter worth about $4,220,000. Impax Asset Management Group plc bought a new position in D.R. Horton during the third quarter worth about $4,260,000. PDS Planning Inc bought a new position in D.R. Horton during the third quarter worth about $222,000. Asset Management One Co. Ltd. increased its position in D.R. Horton by 2.4% during the third quarter. Asset Management One Co. Ltd. now owns 117,316 shares of the construction company’s stock worth $22,380,000 after acquiring an additional 2,712 shares during the period. Finally, National Pension Service increased its position in D.R. Horton by 6.0% during the third quarter. National Pension Service now owns 1,108,703 shares of the construction company’s stock worth $211,507,000 after acquiring an additional 62,971 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

NYSE DHI opened at $173.25 on Wednesday. The company has a fifty day moving average price of $185.82 and a 200-day moving average price of $165.98. 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 firm has a market cap of $56.45 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.56 and a beta of 1.74. D.R. Horton, Inc. has a 1 year low of $116.22 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates 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 earnings per share. As a group, equities research analysts predict that D.R. Horton, Inc. will post 15.64 EPS for the current fiscal year.

D.R. Horton declared that its board has authorized a stock buyback program on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

D.R. Horton Increases Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 8.36%.

Analysts Set New Price Targets

Several research firms have commented on DHI. 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 report on Thursday, September 19th. BTIG Research decreased 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. Barclays decreased their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. UBS Group decreased their price target 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. Finally, JMP Securities lifted their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Moderate Buy” and a consensus target price of $185.87.

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.