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

Huntington National Bank lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 31,768 shares of the construction company’s stock after selling 806 shares during the quarter. Huntington National Bank’s holdings in D.R. Horton were worth $6,060,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DHI. Blair William & Co. IL raised its stake in shares of D.R. Horton by 0.6% in the first quarter. Blair William & Co. IL now owns 37,310 shares of the construction company’s stock valued at $6,139,000 after acquiring an additional 230 shares during the period. Orion Portfolio Solutions LLC lifted its stake in D.R. Horton by 9.2% in the first quarter. Orion Portfolio Solutions LLC now owns 26,461 shares of the construction company’s stock worth $4,354,000 after purchasing an additional 2,237 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of D.R. Horton during the first quarter valued at approximately $1,205,000. Vanguard Group Inc. grew its stake in shares of D.R. Horton by 7.6% during the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after buying an additional 2,474,262 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of D.R. Horton by 7.9% during the 1st quarter. Acadian Asset Management LLC now owns 251,271 shares of the construction company’s stock worth $41,334,000 after acquiring an additional 18,337 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. BTIG Research cut their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Barclays decreased their price objective on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Wedbush upgraded shares of 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. Finally, Royal Bank of Canada reduced their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Price Performance

Shares of DHI opened at $163.81 on Friday. The company has a 50 day moving average of $183.29 and a two-hundred day moving average of $166.68. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a twelve month low of $125.28 and a twelve month high of $199.85. The company has a market cap of $53.38 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 0.57 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 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the business earned $4.45 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, analysts predict that D.R. Horton, Inc. will post 14.92 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. D.R. Horton’s payout ratio is 11.14%.

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

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.