Zions Bancorporation N.A. Boosts Holdings in D.R. Horton, Inc. (NYSE:DHI)

Zions Bancorporation N.A. raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 27.2% in the third quarter, Holdings Channel reports. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DHI. Legacy CG LLC purchased a new stake in shares of D.R. Horton in the 3rd quarter worth $4,220,000. Bessemer Group Inc. grew its holdings in D.R. Horton by 107.6% during the first quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock valued at $2,444,000 after purchasing an additional 7,699 shares during the period. Canada Pension Plan Investment Board increased its position in D.R. Horton by 92.3% in the first quarter. Canada Pension Plan Investment Board now owns 415,968 shares of the construction company’s stock worth $68,448,000 after buying an additional 199,668 shares in the last quarter. DNB Asset Management AS raised its stake in shares of D.R. Horton by 10.3% in the second quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock worth $7,132,000 after buying an additional 4,723 shares during the period. Finally, Atria Investments Inc lifted its position in shares of D.R. Horton by 36.1% during the 1st quarter. Atria Investments Inc now owns 61,729 shares of the construction company’s stock valued at $10,157,000 after buying an additional 16,386 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

NYSE:DHI opened at $161.61 on Friday. 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 company has a market cap of $52.66 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.56 and a beta of 1.74. D.R. Horton, Inc. has a 1 year low of $125.28 and a 1 year high of $199.85. The stock’s 50 day simple moving average is $182.89 and its two-hundred day simple moving average is $166.66.

D.R. Horton (NYSE:DHI) last released its quarterly 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). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the previous year, the company earned $4.45 EPS. D.R. Horton’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 14.92 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be issued a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DHI shares. JPMorgan Chase & Co. increased their target price on shares of D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. UBS Group reduced their price objective on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Bank of America increased their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Evercore ISI lowered their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” 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 issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.