Quarry LP Purchases Shares of 1,167 D.R. Horton, Inc. (NYSE:DHI)

Quarry LP bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 1,167 shares of the construction company’s stock, valued at approximately $223,000.

Other institutional investors have also recently made changes to their positions in the company. KBC Group NV grew its stake in shares of D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after acquiring an additional 212,112 shares in the last quarter. Legacy CG LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth $4,220,000. Benjamin Edwards Inc. grew its stake in shares of D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after acquiring an additional 36,780 shares in the last quarter. Schear Investment Advisers LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth $1,308,000. Finally, Rheos Capital Works Inc. grew its stake in shares of D.R. Horton by 84.4% in the 3rd quarter. Rheos Capital Works Inc. now owns 83,000 shares of the construction company’s stock worth $15,834,000 after acquiring an additional 38,000 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 1.0 %

Shares of DHI opened at $159.67 on Friday. The business’s 50-day moving average price is $175.18 and its 200-day moving average price is $168.39. D.R. Horton, Inc. has a twelve month low of $132.00 and a twelve month high of $199.85. The stock has a market cap of $51.28 billion, a PE ratio of 11.12, a P/E/G ratio of 0.61 and a beta of 1.71. 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 quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the company earned $4.45 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities analysts forecast that D.R. Horton, Inc. will post 14.26 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. Investors of record on Tuesday, November 12th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.00%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is 11.14%.

Analysts Set New Price Targets

DHI has been the subject of several recent analyst reports. Evercore ISI reduced their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. UBS Group cut 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. Wells Fargo & Company cut their price target on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price target on shares of D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, BTIG Research cut their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a 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 MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $185.87.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.74% of the stock is owned by company insiders.

About D.R. Horton

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.