D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 41.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,586 shares of the construction company’s stock after purchasing an additional 6,936 shares during the period. Peapack Gladstone Financial Corp’s holdings in D.R. Horton were worth $4,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Coastline Trust Co purchased a new stake in D.R. Horton in the 3rd quarter valued at about $26,000. Rakuten Securities Inc. raised 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 acquiring an additional 117 shares during the period. Bfsg LLC raised its stake in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after acquiring an additional 74 shares during the period. Wolff Wiese Magana LLC lifted its holdings 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 acquiring an additional 196 shares during the last quarter. Finally, Grove Bank & Trust boosted its position in shares of D.R. Horton by 76.2% during the 3rd 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. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DHI. UBS Group decreased their price target on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Bank of America lifted their target price on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Barclays reissued an “equal weight” rating and set a $170.00 price target (down previously from $192.00) on shares of D.R. Horton in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $188.00 to $156.00 in a research note on Friday. Two research 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.com, D.R. Horton has a consensus rating of “Hold” and an average target price of $180.60.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.74% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $149.87 on Friday. The company has a market cap of $48.13 billion, a P/E ratio of 10.44, a PEG ratio of 0.57 and a beta of 1.71. The firm has a fifty day moving average price of $171.02 and a 200 day moving average price of $168.96. 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 12 month low of $133.02 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI) last released 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). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the company posted $4.45 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. Sell-side analysts predict 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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio 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.