SYM FINANCIAL Corp Invests $214,000 in D.R. Horton, Inc. (NYSE:DHI)

SYM FINANCIAL Corp acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 1,121 shares of the construction company’s stock, valued at approximately $214,000.

Other large investors have also bought and sold shares of the company. TCI Wealth Advisors Inc. boosted its holdings in shares of D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after buying an additional 58 shares during the period. Premier Path Wealth Partners LLC raised its stake in shares of D.R. Horton by 1.0% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after purchasing an additional 59 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of D.R. Horton by 1.2% in the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after purchasing an additional 60 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after buying an additional 63 shares in the last quarter. Finally, Values First Advisors Inc. raised its position in D.R. Horton by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after buying an additional 66 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on DHI. Royal Bank of Canada reduced their price target on 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. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Bank of America boosted 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 report on Thursday, September 19th. UBS Group reduced their price objective on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Citigroup lowered their target price on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $185.87.

D.R. Horton Price Performance

NYSE:DHI opened at $159.67 on Friday. The firm’s fifty day moving average price is $175.18 and its two-hundred day moving average price is $168.39. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The company has a market cap of $51.28 billion, a P/E ratio of 11.12, a P/E/G ratio of 0.61 and a beta of 1.71. D.R. Horton, Inc. has a one year low of $132.00 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the company posted $4.45 EPS. D.R. Horton’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts expect that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is presently 11.14%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.74% of the company’s stock.

D.R. Horton Company 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.