Great Valley Advisor Group Inc. Grows Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Great Valley Advisor Group Inc. lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 34.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,559 shares of the construction company’s stock after purchasing an additional 5,842 shares during the period. Great Valley Advisor Group Inc.’s holdings in D.R. Horton were worth $4,304,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Meridian Wealth Management LLC boosted its stake in D.R. Horton by 1.0% during the third quarter. Meridian Wealth Management LLC now owns 31,318 shares of the construction company’s stock worth $5,975,000 after buying an additional 303 shares during the last quarter. Studio Investment Management LLC boosted its position in shares of D.R. Horton by 0.5% during the 3rd quarter. Studio Investment Management LLC now owns 23,884 shares of the construction company’s stock valued at $4,556,000 after acquiring an additional 114 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of D.R. Horton by 7.3% in the third quarter. Raymond James Trust N.A. now owns 11,002 shares of the construction company’s stock valued at $2,099,000 after purchasing an additional 750 shares during the period. Navellier & Associates Inc. acquired a new stake in D.R. Horton during the third quarter worth about $210,000. Finally, L & S Advisors Inc raised its stake in D.R. Horton by 222.7% during the third quarter. L & S Advisors Inc now owns 55,256 shares of the construction company’s stock worth $10,541,000 after purchasing an additional 38,131 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were 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 is available through this hyperlink. Corporate insiders own 1.74% of the company’s stock.

D.R. Horton Price Performance

D.R. Horton stock opened at $163.53 on Friday. 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, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85. The firm has a market cap of $52.52 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.59 and a beta of 1.74. The company’s 50 day moving average is $179.77 and its two-hundred day moving average is $167.46.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.45 EPS. On average, research analysts expect that D.R. Horton, Inc. will post 14.4 EPS 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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. 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 dividend payout ratio (DPR) is presently 11.14%.

Wall Street Analyst Weigh In

DHI has been the subject of several analyst reports. UBS Group dropped their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their price objective on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a research report on Tuesday, October 15th. 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 research note on Monday, November 4th. Finally, BTIG Research cut their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.