D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Independent Advisor Alliance

Independent Advisor Alliance raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 30.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,713 shares of the construction company’s stock after purchasing an additional 1,329 shares during the quarter. Independent Advisor Alliance’s holdings in D.R. Horton were worth $1,090,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coastline Trust Co acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $26,000. Rakuten Securities Inc. grew its stake in 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 purchasing an additional 117 shares during the last quarter. Bfsg LLC increased its holdings in shares of 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 period. Wolff Wiese Magana LLC raised its stake in shares of 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 worth $40,000 after purchasing an additional 196 shares during the last quarter. Finally, Grove Bank & Trust lifted 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 worth $41,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 2.5 %

DHI opened at $168.68 on Wednesday. The company has a market cap of $54.17 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.59 and a beta of 1.74. D.R. Horton, Inc. has a twelve month low of $125.28 and a twelve month high of $199.85. The company has a 50-day moving average price of $178.80 and a 200 day moving average price of $167.89. 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 announced its earnings results 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 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%. D.R. Horton’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.45 EPS. Sell-side analysts expect that D.R. Horton, Inc. will post 14.4 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.95%. The ex-dividend date was Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is 11.14%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DHI shares. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Wells Fargo & Company reduced their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. UBS Group lowered their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Bank of America lifted their price objective on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada lowered their target price on 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $185.87.

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.