Hobbs Group Advisors LLC Has $153,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Hobbs Group Advisors LLC increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 168.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 804 shares of the construction company’s stock after purchasing an additional 504 shares during the period. Hobbs Group Advisors LLC’s holdings in D.R. Horton were worth $153,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Diversified Trust Co boosted its stake in D.R. Horton by 26.1% in the 2nd quarter. Diversified Trust Co now owns 11,123 shares of the construction company’s stock valued at $1,568,000 after buying an additional 2,300 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of D.R. Horton by 27.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 16,717 shares of the construction company’s stock valued at $2,356,000 after purchasing an additional 3,590 shares in the last quarter. ORG Partners LLC grew its holdings in shares of D.R. Horton by 37,600.0% in the 2nd quarter. ORG Partners LLC now owns 377 shares of the construction company’s stock worth $52,000 after purchasing an additional 376 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of D.R. Horton by 1.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,934 shares of the construction company’s stock worth $2,668,000 after purchasing an additional 286 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in D.R. Horton by 2.8% during the 2nd quarter. Wedge Capital Management L L P NC now owns 279,079 shares of the construction company’s stock valued at $39,331,000 after purchasing an additional 7,583 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.74% of the stock is owned by insiders.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $156.98 on Wednesday. The stock has a market capitalization of $50.42 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.58 and a beta of 1.71. 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 1-year low of $133.02 and a 1-year high of $199.85. The business has a 50-day moving average price of $173.95 and a two-hundred day moving average price of $168.88.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results 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). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the firm earned $4.45 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts predict that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.40 dividend. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Royal Bank of Canada dropped their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a report on Wednesday, October 30th. Bank of America boosted their price objective 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. Finally, Barclays lowered their target price on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $184.20.

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.