D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 904.4% in the third quarter, HoldingsChannel.com reports. The firm owned 40,847 shares of the construction company’s stock after acquiring an additional 36,780 shares during the quarter. Benjamin Edwards Inc.’s holdings in D.R. Horton were worth $7,795,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. FMR LLC grew its holdings in shares of D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Greenhaven Associates Inc. boosted its holdings in D.R. Horton by 2.3% during the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock valued at $517,198,000 after acquiring an additional 81,900 shares during the period. Smead Capital Management Inc. boosted its holdings in D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after acquiring an additional 84,835 shares during the period. Earnest Partners LLC boosted its holdings in D.R. Horton by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock valued at $290,901,000 after acquiring an additional 9,137 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after acquiring an additional 120,892 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.74% of the company’s stock.

D.R. Horton Stock Down 0.8 %

DHI opened at $167.40 on Tuesday. The business’s fifty day moving average is $176.77 and its two-hundred day moving average is $168.40. 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 company has a market cap of $53.76 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 0.61 and a beta of 1.74. D.R. Horton, Inc. has a one year low of $129.35 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the firm posted $4.45 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.40 dividend. 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 yield of 0.96%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 11.14%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DHI shares. JPMorgan Chase & Co. lifted their price objective on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Citigroup decreased their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Royal Bank of Canada cut their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. Finally, Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average 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.