197,621 D.R. Horton, Inc. $DHI Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 98.7% in the 3rd quarter, Holdings Channel reports. The fund owned 397,749 shares of the construction company’s stock after purchasing an additional 197,621 shares during the period. Calamos Advisors LLC’s holdings in D.R. Horton were worth $54,352,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Silvant Capital Management LLC purchased a new stake in shares of D.R. Horton in the second quarter worth approximately $4,828,000. Johnson Financial Group Inc. purchased a new position in D.R. Horton during the second quarter valued at approximately $6,126,000. Wealthfront Advisers LLC purchased a new position in D.R. Horton during the second quarter valued at approximately $14,622,000. Alpine Woods Capital Investors LLC acquired a new position in D.R. Horton in the 2nd quarter valued at approximately $2,219,000. Finally, BlackRock Inc. purchased a new stake in D.R. Horton in the 2nd quarter worth approximately $4,067,842,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Down 3.5%

Shares of DHI stock traded down $5.46 on Friday, hitting $152.17. The company’s stock had a trading volume of 3,082,754 shares, compared to its average volume of 3,194,516. The company has a debt-to-equity ratio of 0.26, a current ratio of 6.01 and a quick ratio of 0.95. D.R. Horton, Inc. has a fifty-two week low of $130.40 and a fifty-two week high of $170.79. The firm’s fifty day moving average price is $141.20 and its 200-day moving average price is $147.57. The stock has a market capitalization of $42.56 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 1.71 and a beta of 1.35.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, October 29th. The construction company reported $2.67 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.34). D.R. Horton had a return on equity of 11.93% and a net margin of 8.74%. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.07 billion. During the same period in the previous year, the company earned $3.04 earnings per share. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Research analysts anticipate that D.R. Horton, Inc. will post 10.62 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.50 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, November 12th. This represents a $2.00 annualized dividend and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio is currently 17.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DHI shares. Weiss Ratings lowered shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Evercore dropped their price target on shares of D.R. Horton from $171.00 to $166.00 in a research note on Thursday, October 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $182.00 price objective (down from $190.00) on shares of D.R. Horton in a report on Monday, October 12th. Morgan Stanley lowered their target price on D.R. Horton from $151.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Raymond James Financial lowered D.R. Horton from a “market perform” rating to an “underperform” rating in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $151.33.

D.R. Horton Company Profile

D.R. Horton, Inc is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States.

Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers.

The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.