Applied Finance Capital Management LLC Buys 15,370 Shares of D.R. Horton, Inc. (NYSE:DHI)

Applied Finance Capital Management LLC grew its stake in D.R. Horton, Inc. (NYSE:DHI) by 6.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 261,657 shares of the construction company’s stock after purchasing an additional 15,370 shares during the quarter. D.R. Horton comprises 1.2% of Applied Finance Capital Management LLC’s holdings, making the stock its 20th biggest position. Applied Finance Capital Management LLC’s holdings in D.R. Horton were worth $49,916,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. TCI Wealth Advisors Inc. boosted its stake in D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after buying an additional 58 shares during the last quarter. Premier Path Wealth Partners LLC boosted its stake in D.R. Horton by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after buying an additional 59 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in D.R. Horton by 1.2% during the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after buying an additional 60 shares during the last quarter. Whittier Trust Co. boosted its stake in D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after buying an additional 63 shares during the last quarter. Finally, Values First Advisors Inc. boosted its stake in D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after buying an additional 66 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Up 0.4 %

DHI opened at $168.79 on Friday. The stock’s fifty day moving average is $184.62 and its two-hundred day moving average is $166.17. The company has a market capitalization of $55.00 billion, a P/E ratio of 11.75, a PEG ratio of 0.57 and a beta of 1.74. D.R. Horton, Inc. has a 52 week low of $120.10 and a 52 week high of $199.85. 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 (NYSE:DHI) last released 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). The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.45 earnings per share. Analysts forecast that D.R. Horton, Inc. will post 15.64 earnings per share for the current 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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

D.R. Horton announced that its board has authorized a share buyback program on Thursday, July 18th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the construction company to buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DHI shares. Citigroup decreased their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Bank of America upped 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. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday. Evercore ISI decreased 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. Finally, UBS Group decreased their price objective on D.R. Horton from $217.00 to $214.00 and set a “buy” 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $185.87.

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.