D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 10.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,056 shares of the construction company’s stock after buying an additional 2,767 shares during the quarter. Park Avenue Securities LLC’s holdings in D.R. Horton were worth $3,923,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DHI. TCI Wealth Advisors Inc. increased its holdings in shares of D.R. Horton by 4.1% in the 3rd 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 period. Covestor Ltd increased 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 purchasing an additional 66 shares during the period. Insigneo Advisory Services LLC raised its holdings in shares of D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after buying an additional 67 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of D.R. Horton by 0.8% during the third quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock worth $1,649,000 after buying an additional 72 shares during the period. Finally, Demars Financial Group LLC grew its holdings in shares of D.R. Horton by 3.5% during the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.8 %

Shares of NYSE:DHI opened at $146.61 on Friday. The company has a market capitalization of $47.04 billion, a P/E ratio of 10.21, a P/E/G ratio of 0.51 and a beta of 1.75. The stock’s fifty day simple moving average is $152.70 and its 200-day simple moving average is $168.64. D.R. Horton, Inc. has a 52-week low of $133.02 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.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results 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 firm 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%. D.R. Horton’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $4.45 earnings per share. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend 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 currently 11.14%.

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DHI. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Friday. The Goldman Sachs Group dropped their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday. Barclays reduced their target price on D.R. Horton from $170.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Wells Fargo & Company lowered their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $175.20.

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.