Vest Financial LLC Increases Stake in D.R. Horton, Inc. (NYSE:DHI)

Vest Financial LLC boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 67.2% during the 4th quarter, Holdings Channel reports. The fund owned 233,188 shares of the construction company’s stock after acquiring an additional 93,706 shares during the quarter. Vest Financial LLC’s holdings in D.R. Horton were worth $32,604,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. TCI Wealth Advisors Inc. boosted its holdings in D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after purchasing an additional 58 shares in the last quarter. Covestor Ltd raised its stake in D.R. Horton by 6.6% during the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after acquiring an additional 66 shares in the last quarter. Insigneo Advisory Services LLC lifted its position in D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after acquiring an additional 67 shares during the last quarter. Demars Financial Group LLC boosted its stake in D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after acquiring an additional 74 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of D.R. Horton by 1.0% during the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 78 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The stock was 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on DHI. Evercore ISI dropped their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Wedbush restated a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Finally, Barclays decreased their target price on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Trading Down 5.3 %

Shares of DHI opened at $128.99 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a one year low of $127.47 and a one year high of $199.85. The stock has a 50-day moving average price of $145.66 and a 200 day moving average price of $168.02. The company has a market capitalization of $40.65 billion, a P/E ratio of 9.12, a P/E/G ratio of 0.60 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the company earned $2.82 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.05 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. D.R. Horton’s payout ratio is 11.31%.

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.