OneDigital Investment Advisors LLC Reduces Stock Position in D.R. Horton, Inc. (NYSE:DHI)

OneDigital Investment Advisors LLC cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,021 shares of the construction company’s stock after selling 64 shares during the period. OneDigital Investment Advisors LLC’s holdings in D.R. Horton were worth $1,530,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DHI. Impax Asset Management Group plc bought a new position in D.R. Horton in the 3rd quarter valued at approximately $4,260,000. Zions Bancorporation N.A. boosted its position in shares of D.R. Horton by 27.2% in the third quarter. Zions Bancorporation N.A. now owns 2,139 shares of the construction company’s stock worth $408,000 after purchasing an additional 458 shares during the period. KBC Group NV increased its stake in D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after buying an additional 212,112 shares in the last quarter. Freemont Management S.A. purchased a new stake in D.R. Horton during the 3rd quarter valued at approximately $1,526,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in D.R. Horton by 0.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,578 shares of the construction company’s stock valued at $4,880,000 after acquiring an additional 168 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DHI has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Royal Bank of Canada decreased their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a report on Wednesday, October 30th. Evercore ISI cut their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company reduced their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $185.87.

D.R. Horton Stock Performance

Shares of DHI opened at $161.61 on Monday. 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 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. D.R. Horton, Inc. has a 1 year low of $125.28 and a 1 year high of $199.85. The company’s fifty day moving average is $182.40 and its two-hundred day moving average is $167.12.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results 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). The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.45 EPS. On average, sell-side analysts predict that D.R. Horton, Inc. will post 14.54 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently declared 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 of this dividend is Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

About D.R. Horton

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.