Independent Advisor Alliance Raises Stake in D.R. Horton, Inc. (NYSE:DHI)

Independent Advisor Alliance lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 30.3% during the 3rd quarter, Holdings Channel reports. The fund owned 5,713 shares of the construction company’s stock after buying an additional 1,329 shares during the quarter. Independent Advisor Alliance’s holdings in D.R. Horton were worth $1,090,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Bfsg LLC increased its position in D.R. Horton by 70.5% during 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 stake in shares of D.R. Horton in the 3rd quarter valued at approximately $26,000. Signature Resources Capital Management LLC purchased a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $31,000. Rakuten Securities Inc. raised its position in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares during the period. Finally, Wolff Wiese Magana LLC lifted its holdings in 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 valued at $40,000 after acquiring an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of several recent analyst reports. BTIG Research cut their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their price target 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. Bank of America boosted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Barclays lowered their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, Royal Bank of Canada dropped their price target on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $185.87.

D.R. Horton Stock Performance

Shares of DHI stock opened at $168.68 on Wednesday. The firm has a 50 day moving average of $178.80 and a two-hundred day moving average of $167.89. The stock has a market capitalization of $54.17 billion, a PE ratio of 11.75, a P/E/G ratio of 0.59 and a beta of 1.74. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 52 week low of $125.28 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last released its earnings results 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). 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 during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter last year, the business posted $4.45 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, research analysts predict that D.R. Horton, Inc. will post 14.4 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 11.14%.

Insider Activity at D.R. Horton

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

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.