Overbrook Management Corp Raises Stake in D.R. Horton, Inc. (NYSE:DHI)

Overbrook Management Corp raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 84.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,866 shares of the construction company’s stock after acquiring an additional 47,174 shares during the period. D.R. Horton comprises approximately 4.5% of Overbrook Management Corp’s investment portfolio, making the stock its 7th largest holding. Overbrook Management Corp’s holdings in D.R. Horton were worth $19,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Coastline Trust Co purchased a new position in D.R. Horton during the 3rd quarter valued at about $26,000. Rakuten Securities Inc. lifted its position in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares during the last quarter. Bfsg LLC lifted its position in 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 purchasing an additional 74 shares during the last quarter. Wolff Wiese Magana LLC lifted its position in 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 purchasing an additional 196 shares during the last quarter. Finally, Grove Bank & Trust raised its holdings in shares of D.R. Horton by 76.2% during 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. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DHI shares. Bank of America upped their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target on the stock in a report on Tuesday, October 15th. UBS Group lowered their price target on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on 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 lowered their target price on 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, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $185.87.

D.R. Horton Stock Up 0.5 %

DHI stock opened at $163.13 on Thursday. The firm has a market cap of $53.15 billion, a PE ratio of 11.36, a P/E/G ratio of 0.59 and a beta of 1.74. 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 firm’s fifty day moving average is $180.93 and its 200 day moving average is $167.30. D.R. Horton, Inc. has a one year low of $125.28 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last released 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 firm 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 firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.45 EPS. On average, research analysts forecast that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.98%. 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 (DPR) is currently 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.