Passumpsic Savings Bank Purchases New Stake in D.R. Horton, Inc. (NYSE:DHI)

Passumpsic Savings Bank acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,928 shares of the construction company’s stock, valued at approximately $2,466,000. D.R. Horton accounts for approximately 1.6% of Passumpsic Savings Bank’s investment portfolio, making the stock its 28th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bfsg LLC raised its stake 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 worth $25,000 after buying an additional 74 shares during the last quarter. Coastline Trust Co acquired a new stake in D.R. Horton during the 3rd quarter worth $26,000. Signature Resources Capital Management LLC bought a new stake in shares of D.R. Horton during the 2nd quarter valued at $31,000. Rakuten Securities Inc. lifted its stake in shares of D.R. Horton by 216.7% in the 3rd 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. Finally, Wolff Wiese Magana LLC boosted its position in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Down 2.5 %

Shares of DHI stock opened at $156.98 on Wednesday. The firm has a market capitalization of $50.42 billion, a P/E ratio of 10.93, a PEG ratio of 0.58 and a beta of 1.71. The firm’s fifty day moving average price is $173.95 and its two-hundred day moving average price is $168.88. 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 1 year low of $133.02 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly 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). The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the company posted $4.45 earnings per share. On average, equities analysts predict that D.R. Horton, Inc. will post 14.26 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.02%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s payout ratio is presently 11.14%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DHI shares. Evercore ISI dropped their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $200.00 to $183.00 in a research note on Tuesday. Royal Bank of Canada reduced their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company cut their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $182.73.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which is accessible through this link. 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.