Wahed Invest LLC Has $1.37 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Wahed Invest LLC boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 9.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,200 shares of the construction company’s stock after purchasing an additional 625 shares during the quarter. Wahed Invest LLC’s holdings in D.R. Horton were worth $1,374,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Coastline Trust Co bought a new stake in shares of D.R. Horton in the third quarter worth $26,000. Rakuten Securities Inc. raised its position 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 valued at $33,000 after purchasing an additional 117 shares during the period. Bfsg LLC grew 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 valued at $25,000 after acquiring an additional 74 shares in the last quarter. Wolff Wiese Magana LLC grew its stake 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 valued at $40,000 after acquiring an additional 196 shares in the last quarter. Finally, Grove Bank & Trust grew 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 valued at $41,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $159.67 on Friday. The company has a market cap of $51.28 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 0.61 and a beta of 1.71. D.R. Horton, Inc. has a 52 week low of $132.00 and a 52 week high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $175.18 and a 200-day moving average of $168.39.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business earned $4.45 EPS. On average, equities analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given 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 1.00%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of research reports. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a report on Tuesday, October 15th. Bank of America raised 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 dropped their price objective on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. UBS Group dropped 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 report on Wednesday, October 30th. Finally, Evercore ISI dropped their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $185.87.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were 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 accessible through this hyperlink. 1.74% of the stock is currently owned by insiders.

About D.R. Horton

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.