6,857 Shares in D.R. Horton, Inc. (NYSE:DHI) Acquired by Schear Investment Advisers LLC

Schear Investment Advisers LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,857 shares of the construction company’s stock, valued at approximately $1,308,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Bfsg LLC lifted its holdings in shares of 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. Coastline Trust Co purchased a new position in D.R. Horton in the 3rd quarter worth about $26,000. Signature Resources Capital Management LLC bought a new position in D.R. Horton during the 2nd quarter valued at about $31,000. Rakuten Securities Inc. boosted its holdings 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 acquiring an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of D.R. Horton by 1,306.7% during the 3rd 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. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the topic of a number of recent analyst reports. Bank of America raised their price target 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 target on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Keefe, Bruyette & Woods raised their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. 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 on the stock in a report on Wednesday, October 30th. One equities research 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. According to MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $185.87.

D.R. Horton Stock Down 1.3 %

Shares of DHI opened at $161.61 on Friday. The business’s 50 day moving average is $182.40 and its 200 day moving average is $166.94. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12-month low of $125.28 and a 12-month high of $199.85. The company has a market capitalization of $52.66 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 0.57 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (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 the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.45 EPS. Research analysts expect that D.R. Horton, Inc. will post 14.54 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

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.