Parnassus Investments LLC Sells 103,866 Shares of D.R. Horton, Inc. (NYSE:DHI)

Parnassus Investments LLC lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,305,496 shares of the construction company’s stock after selling 103,866 shares during the quarter. D.R. Horton comprises 1.7% of Parnassus Investments LLC’s portfolio, making the stock its 23rd biggest holding. Parnassus Investments LLC’s holdings in D.R. Horton were worth $821,359,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bfsg LLC raised its position in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after acquiring an additional 74 shares in the last quarter. Coastline Trust Co purchased a new position in D.R. Horton during the 3rd quarter worth $26,000. Signature Resources Capital Management LLC purchased a new position in D.R. Horton during the 2nd quarter worth $31,000. Rakuten Securities Inc. grew its stake in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its stake in D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.1 %

D.R. Horton stock opened at $161.45 on Tuesday. The firm’s 50 day moving average price is $181.88 and its two-hundred day moving average price is $167.23. D.R. Horton, Inc. has a 1 year low of $125.28 and a 1 year high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The firm has a market cap of $52.61 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.58 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.45 EPS. On average, research analysts predict that D.R. Horton, Inc. will post 14.54 EPS for the current fiscal year.

D.R. Horton Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on DHI shares. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods raised their target price on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Evercore ISI reduced 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. UBS Group cut their target price on 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. Finally, Wells Fargo & Company dropped their price objective on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $185.87.

D.R. Horton 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.