Empowered Funds LLC Sells 43,865 Shares of D.R. Horton, Inc. (NYSE:DHI)

Empowered Funds LLC reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 49.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,014 shares of the construction company’s stock after selling 43,865 shares during the quarter. Empowered Funds LLC’s holdings in D.R. Horton were worth $8,397,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Empirical Finance LLC raised its stake in D.R. Horton by 1.0% in the third quarter. Empirical Finance LLC now owns 15,080 shares of the construction company’s stock valued at $2,877,000 after purchasing an additional 154 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in shares of D.R. Horton by 110.4% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 6,858 shares of the construction company’s stock worth $1,308,000 after acquiring an additional 3,599 shares in the last quarter. CIBC Asset Management Inc increased its stake in D.R. Horton by 6.9% in the third quarter. CIBC Asset Management Inc now owns 44,326 shares of the construction company’s stock valued at $8,456,000 after acquiring an additional 2,842 shares during the last quarter. Balboa Wealth Partners bought a new position in D.R. Horton in the third quarter valued at approximately $220,000. Finally, Impax Asset Management Group plc bought a new stake in D.R. Horton during the third quarter worth $4,260,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DHI shares. Citigroup dropped their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. JMP Securities upped their target price on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a report on Friday, July 19th. Wells Fargo & Company reduced their price target on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Evercore ISI dropped their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. One research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $161.61 on Friday. D.R. Horton, Inc. has a fifty-two week low of $125.28 and a fifty-two week high of $199.85. The company’s 50-day moving average is $182.40 and its 200 day moving average is $166.77. 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 company has a market capitalization of $52.66 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 0.56 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 the consensus estimate 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 firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the company posted $4.45 EPS. D.R. Horton’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities research analysts forecast that D.R. Horton, Inc. will post 14.92 earnings per share for the current year.

D.R. Horton Increases Dividend

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

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.