D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Algert Global LLC

Algert Global LLC boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 745.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,071 shares of the construction company’s stock after purchasing an additional 20,341 shares during the quarter. Algert Global LLC’s holdings in D.R. Horton were worth $4,401,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Cerity Partners LLC lifted its stake in shares of D.R. Horton by 30.1% during the 3rd quarter. Cerity Partners LLC now owns 32,429 shares of the construction company’s stock worth $6,187,000 after purchasing an additional 7,496 shares during the period. Great Valley Advisor Group Inc. increased its stake in D.R. Horton by 34.9% in the third quarter. Great Valley Advisor Group Inc. now owns 22,559 shares of the construction company’s stock valued at $4,304,000 after purchasing an additional 5,842 shares during the last quarter. Meridian Wealth Management LLC lifted its position in D.R. Horton by 1.0% during the third quarter. Meridian Wealth Management LLC now owns 31,318 shares of the construction company’s stock worth $5,975,000 after buying an additional 303 shares during the period. Studio Investment Management LLC boosted its stake in D.R. Horton by 0.5% in the 3rd quarter. Studio Investment Management LLC now owns 23,884 shares of the construction company’s stock worth $4,556,000 after buying an additional 114 shares during the last quarter. Finally, Raymond James Trust N.A. grew its holdings in D.R. Horton by 7.3% in the 3rd quarter. Raymond James Trust N.A. now owns 11,002 shares of the construction company’s stock valued at $2,099,000 after buying an additional 750 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DHI shares. Wells Fargo & Company cut their price objective on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. UBS Group cut their target price 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. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Bank of America upped their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, BTIG Research lowered their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average target price of $185.87.

D.R. Horton Price Performance

Shares of DHI opened at $163.53 on Monday. D.R. Horton, Inc. has a 12 month low of $125.28 and a 12 month high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The stock has a fifty day moving average price of $179.77 and a 200 day moving average price of $167.59. The company has a market cap of $52.52 billion, a P/E ratio of 11.39, a PEG ratio of 0.59 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results 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 the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s revenue 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, research analysts forecast that D.R. Horton, Inc. will post 14.4 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is 11.14%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.74% of the company’s stock.

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.