Advisors Asset Management Inc. Boosts Stake in D.R. Horton, Inc. (NYSE:DHI)

Advisors Asset Management Inc. lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 17.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,416 shares of the construction company’s stock after purchasing an additional 3,990 shares during the quarter. Advisors Asset Management Inc.’s holdings in D.R. Horton were worth $5,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

D.R. Horton Trading Down 0.7 %

DHI opened at $162.05 on Friday. The stock has a market cap of $52.80 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 0.59 and a beta of 1.74. The stock’s 50 day moving average price is $180.39 and its 200-day moving average price is $167.26. D.R. Horton, Inc. has a one year low of $125.28 and a one year 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.

D.R. Horton (NYSE:DHI) last released 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 net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the company posted $4.45 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities analysts forecast that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 0.99%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is 11.14%.

Wall Street Analyst Weigh In

Several analysts recently commented on DHI shares. Wells Fargo & Company cut their price objective on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a report on Tuesday, October 15th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Evercore ISI cut their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective on D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $185.87.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was 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 is accessible through the SEC website. Insiders own 1.74% of the company’s stock.

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.