Natixis Advisors LLC Raises Holdings in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Natixis Advisors LLC increased its holdings in D.R. Horton, Inc. by 16.7%, owning approximately 231,636 shares valued at $29.4 million.
• D.R. Horton reported earnings of $3.36 per share for the most recent quarter, exceeding estimates, but recorded a 7.4% decline in year-over-year revenue.
• The company announced a quarterly dividend of $0.40 per share, reflecting an annual yield of 1.1%.

Natixis Advisors LLC increased its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 16.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 231,636 shares of the construction company's stock after buying an additional 33,112 shares during the quarter. Natixis Advisors LLC owned about 0.08% of D.R. Horton worth $29,447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of D.R. Horton by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company's stock worth $485,984,000 after buying an additional 72,161 shares during the period. Northern Trust Corp raised its position in shares of D.R. Horton by 15.8% in the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock worth $471,899,000 after buying an additional 460,804 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of D.R. Horton by 21.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,677,100 shares of the construction company's stock worth $374,312,000 after buying an additional 476,816 shares during the period. First Trust Advisors LP raised its position in D.R. Horton by 34.0% in the fourth quarter. First Trust Advisors LP now owns 2,133,159 shares of the construction company's stock valued at $298,258,000 after purchasing an additional 540,737 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in D.R. Horton by 652.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock valued at $252,477,000 after purchasing an additional 1,718,094 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 5.2%

Shares of NYSE DHI opened at $150.23 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The firm has a market cap of $44.79 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 3.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The stock's 50-day simple moving average is $130.51 and its 200-day simple moving average is $129.45.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.46. The firm had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. D.R. Horton's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.10 earnings per share. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 7th. D.R. Horton's payout ratio is currently 12.83%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DHI. JPMorgan Chase & Co. cut their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Wedbush raised their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company raised their price objective on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, JMP Securities cut their price objective on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $153.23.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.