J. W. Coons Advisors LLC Decreases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

J. W. Coons Advisors LLC lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,987 shares of the construction company’s stock after selling 205 shares during the period. J. W. Coons Advisors LLC’s holdings in D.R. Horton were worth $570,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DHI. Greenhaven Associates Inc. grew its stake in shares of D.R. Horton by 2.3% in the second quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock worth $517,198,000 after purchasing an additional 81,900 shares during the last quarter. Earnest Partners LLC grew its position in shares of D.R. Horton by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock worth $290,901,000 after buying an additional 9,137 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after buying an additional 120,892 shares during the period. National Pension Service raised its holdings in shares of 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 valued at $211,507,000 after acquiring an additional 62,971 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in D.R. Horton by 1,761.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock valued at $147,118,000 after acquiring an additional 987,834 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DHI. BTIG Research decreased their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price target 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. Bank of America raised their price objective on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. 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. Finally, Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $185.87.

D.R. Horton Stock Down 1.3 %

DHI stock opened at $161.61 on Monday. 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, Inc. has a 1-year low of $125.28 and a 1-year high of $199.85. The stock has a market capitalization of $52.66 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.57 and a beta of 1.74. The business has a fifty day moving average price of $182.40 and a 200-day moving average price of $167.12.

D.R. Horton (NYSE:DHI) last announced 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). The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.45 EPS. Equities analysts forecast that D.R. Horton, Inc. will post 14.54 earnings per share for the current fiscal 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 paid 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 yield of 0.99%. D.R. Horton’s payout ratio is currently 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.