Figure 8 Investment Strategies LLC Acquires New Shares in D.R. Horton, Inc. (NYSE:DHI)

Figure 8 Investment Strategies LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 6,900 shares of the construction company’s stock, valued at approximately $965,000.

Several other large investors have also added to or reduced their stakes in the stock. TCI Wealth Advisors Inc. increased its holdings in shares of 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 worth $284,000 after purchasing an additional 58 shares during the period. Covestor Ltd increased its stake in D.R. Horton by 6.6% in 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 during the last quarter. Insigneo Advisory Services LLC boosted its position in shares of D.R. Horton by 1.9% during the 3rd 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 grew its holdings in shares of D.R. Horton by 3.5% during the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after purchasing 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% in 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 during the last quarter. Institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays dropped 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 report on Wednesday, January 22nd. JMP Securities reiterated a “market outperform” rating and issued a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Finally, StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Trading Up 1.2 %

NYSE DHI opened at $129.29 on Friday. The stock has a market cap of $40.74 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a fifty-two week low of $125.84 and a fifty-two week high of $199.85. The stock has a 50 day simple moving average of $142.72 and a two-hundred day simple moving average of $166.70. 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 (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.82 earnings per share. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

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.