Rafferty Asset Management LLC Purchases 194,484 Shares of D.R. Horton, Inc. $DHI

Rafferty Asset Management LLC boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 78.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 443,241 shares of the construction company’s stock after buying an additional 194,484 shares during the period. Rafferty Asset Management LLC owned approximately 0.15% of D.R. Horton worth $75,116,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hemington Wealth Management boosted its position in shares of D.R. Horton by 22.1% during the 3rd quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock valued at $59,000 after acquiring an additional 64 shares during the last quarter. Apella Capital LLC lifted its position in D.R. Horton by 0.8% during the third quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock valued at $1,454,000 after purchasing an additional 69 shares during the last quarter. Mutual Advisors LLC grew its stake in shares of D.R. Horton by 4.0% in the 3rd quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock worth $288,000 after buying an additional 70 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of D.R. Horton by 17.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock worth $80,000 after buying an additional 71 shares in the last quarter. Finally, Twin Capital Management Inc. increased its holdings in shares of D.R. Horton by 0.3% in the 2nd quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock worth $3,008,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $195.00 price target on shares of D.R. Horton in a report on Tuesday, January 13th. UBS Group set a $163.00 price objective on D.R. Horton in a research report on Tuesday, January 27th. Citigroup dropped their target price on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Zacks Research downgraded D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $155.00 price target (down from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average target price of $160.29.

Insider Activity at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.66% of the company’s stock.

D.R. Horton Stock Up 0.8%

Shares of NYSE:DHI opened at $160.17 on Friday. The firm has a market capitalization of $46.40 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 2.45 and a beta of 1.44. The business has a 50 day simple moving average of $154.56 and a two-hundred day simple moving average of $157.79. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The firm had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.D.R. Horton’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period last year, the company earned $2.61 EPS. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a $0.45 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio is presently 16.35%.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.