Meeder Advisory Services Inc. Acquires 121 Shares of D.R. Horton, Inc. (NYSE:DHI)

Meeder Advisory Services Inc. grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,248 shares of the construction company’s stock after purchasing an additional 121 shares during the quarter. Meeder Advisory Services Inc.’s holdings in D.R. Horton were worth $1,573,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Bfsg LLC lifted its holdings in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares during the period. Coastline Trust Co purchased a new stake in shares of D.R. Horton during the 3rd quarter worth $26,000. Signature Resources Capital Management LLC bought a new position in D.R. Horton in the second quarter worth about $31,000. Rakuten Securities Inc. lifted its position in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after buying an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE DHI opened at $161.45 on Tuesday. The firm has a market capitalization of $52.61 billion, a P/E ratio of 11.24, a PEG ratio of 0.57 and a beta of 1.74. D.R. Horton, Inc. has a fifty-two week low of $125.28 and a fifty-two week high of $199.85. The stock has a 50-day simple moving average of $181.88 and a two-hundred day simple moving average of $167.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

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 company had revenue of $10 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.45 EPS. On average, equities analysts forecast that D.R. Horton, Inc. will post 14.54 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.40 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 11.14%.

Analyst Upgrades and Downgrades

DHI has been the subject of several recent analyst reports. Barclays lowered their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. UBS Group decreased their price target on D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Bank of America boosted their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average price target of $185.87.

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.