Sheaff Brock Investment Advisors LLC increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 110.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,858 shares of the construction company's stock after buying an additional 3,599 shares during the period. Sheaff Brock Investment Advisors LLC's holdings in D.R. Horton were worth $1,308,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Bfsg LLC lifted its holdings in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company's stock valued at $25,000 after purchasing an additional 74 shares in the last quarter. Signature Resources Capital Management LLC purchased a new position in D.R. Horton during the second quarter valued at $31,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Wolff Wiese Magana LLC lifted its holdings in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock valued at $40,000 after purchasing an additional 196 shares in the last quarter. Finally, Grove Bank & Trust lifted its stake in shares of D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock worth $41,000 after buying an additional 93 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.
Shares of DHI opened at $161.61 on Friday. D.R. Horton, Inc. has a 1-year low of $125.28 and a 1-year high of $199.85. The stock has a market cap of $52.66 billion, a PE ratio of 11.25, a P/E/G ratio of 0.56 and a beta of 1.74. The firm has a 50-day simple moving average of $182.40 and a two-hundred day simple moving average of $166.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.
D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share 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 company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the business earned $4.45 earnings per share. D.R. Horton's revenue was down 4.7% on a year-over-year basis. As a group, analysts forecast that D.R. Horton, Inc. will post 14.92 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be paid a $0.40 dividend. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. D.R. Horton's dividend payout ratio (DPR) is presently 11.14%.
Several equities analysts have recently weighed in on the stock. JMP Securities raised their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a "market outperform" rating in a research note on Friday, July 19th. Royal Bank of Canada decreased their price target on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research note on Wednesday, October 30th. Bank of America raised their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Wells Fargo & Company decreased their price target on shares of D.R. Horton from $220.00 to $190.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and a consensus target price of $185.87.
View Our Latest Stock Report on DHI
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.
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