Hobbs Group Advisors LLC Has $153,000 Holdings in D.R. Horton, Inc. (NYSE:DHI)

Hobbs Group Advisors LLC raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 168.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 804 shares of the construction company’s stock after acquiring an additional 504 shares during the period. Hobbs Group Advisors LLC’s holdings in D.R. Horton were worth $153,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. KBC Group NV increased its stake in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after purchasing an additional 212,112 shares in the last quarter. Legacy CG LLC acquired a new position in shares of D.R. Horton in the third quarter valued at approximately $4,220,000. Benjamin Edwards Inc. increased its position in shares of D.R. Horton by 904.4% during the third quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after acquiring an additional 36,780 shares in the last quarter. Schear Investment Advisers LLC acquired a new stake in shares of D.R. Horton during the third quarter worth $1,308,000. Finally, Rheos Capital Works Inc. lifted its position in D.R. Horton by 84.4% in the 3rd quarter. Rheos Capital Works Inc. now owns 83,000 shares of the construction company’s stock valued at $15,834,000 after acquiring an additional 38,000 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Evercore ISI lowered their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Barclays decreased their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Bank of America boosted their target price on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a research note on Tuesday, October 15th. Finally, Citigroup lowered their price objective on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $184.20.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.74% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Down 2.5 %

Shares of DHI stock opened at $156.98 on Wednesday. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85. 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 cap of $50.42 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 0.58 and a beta of 1.71. The firm’s 50-day moving average is $173.95 and its 200-day moving average is $168.88.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.45 earnings per share. Sell-side analysts predict that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.40 dividend. The ex-dividend date was Tuesday, November 12th. 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 1.02%. D.R. Horton’s dividend payout ratio is presently 11.14%.

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.