B. Riley Wealth Advisors Inc. Sells 96 Shares of D.R. Horton, Inc. (NYSE:DHI)

B. Riley Wealth Advisors Inc. lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,122 shares of the construction company’s stock after selling 96 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in D.R. Horton were worth $1,357,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. TCI Wealth Advisors Inc. boosted its stake in 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 acquiring an additional 58 shares during the last quarter. Premier Path Wealth Partners LLC grew its stake in shares of D.R. Horton by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after purchasing an additional 59 shares during the period. Coldstream Capital Management Inc. grew its stake in shares of D.R. Horton by 1.2% during the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock worth $739,000 after purchasing an additional 60 shares during the period. Whittier Trust Co. lifted its stake in D.R. Horton by 1.7% in the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after buying an additional 63 shares during the period. Finally, Covestor Ltd lifted its stake in D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’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 filing with the Securities & Exchange Commission, which can be accessed through this link. 1.74% of the stock is owned by company insiders.

D.R. Horton Trading Down 1.5 %

NYSE DHI opened at $147.59 on Tuesday. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The stock’s 50 day moving average price is $170.27 and its two-hundred day moving average price is $169.17. The stock has a market capitalization of $47.40 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 0.57 and a beta of 1.71.

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 analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.45 EPS. As a group, analysts anticipate that D.R. Horton, Inc. will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a $0.40 dividend. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DHI shares. Evercore ISI lowered their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. 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 research note on Tuesday, October 15th. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $188.00 to $156.00 in a research report on Friday. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, Bank of America lifted their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $180.60.

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.