US Bancorp DE Has $24.74 Million Position in D.R. Horton, Inc. (NYSE:DHI)

US Bancorp DE boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 129,660 shares of the construction company’s stock after buying an additional 1,599 shares during the quarter. US Bancorp DE’s holdings in D.R. Horton were worth $24,735,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DHI. Meitav Investment House Ltd. acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $704,000. Catalyst Financial Partners LLC acquired a new stake in D.R. Horton in the 3rd quarter valued at $216,000. Cornerstone Wealth Group LLC bought a new stake in D.R. Horton during the 3rd quarter worth about $275,000. First Trust Direct Indexing L.P. grew its holdings in shares of D.R. Horton by 4.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,948 shares of the construction company’s stock valued at $1,898,000 after acquiring an additional 464 shares in the last quarter. Finally, Tyche Wealth Partners LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at about $328,000. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Citigroup dropped their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday. JMP Securities increased 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 research note on Friday, July 19th. UBS Group lowered their price objective on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday. BTIG Research cut their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada lowered their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $185.33.

D.R. Horton Stock Performance

NYSE DHI opened at $167.61 on Friday. The firm has a 50-day moving average price of $186.47 and a two-hundred day moving average price of $165.31. D.R. Horton, Inc. has a 12-month low of $111.59 and a 12-month high of $199.85. The company has a market capitalization of $54.61 billion, a P/E ratio of 11.67, a P/E/G ratio of 0.57 and a beta of 1.72. The company has a quick ratio of 1.30, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.45 earnings per share. Analysts anticipate that D.R. Horton, Inc. will post 15.87 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be given a dividend of $0.40 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 0.95%. D.R. Horton’s dividend payout ratio is currently 8.36%.

D.R. Horton declared that its Board of Directors has approved a stock repurchase plan on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.