Coastline Trust Co Purchases New Holdings in D.R. Horton, Inc. (NYSE:DHI)

Coastline Trust Co acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 138 shares of the construction company’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. KBC Group NV increased its position in shares of D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after purchasing an additional 212,112 shares during the period. Legacy CG LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at approximately $4,220,000. Bessemer Group Inc. lifted its holdings in shares of D.R. Horton by 107.6% during the 1st quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock worth $2,444,000 after acquiring an additional 7,699 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of D.R. Horton by 92.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 415,968 shares of the construction company’s stock worth $68,448,000 after acquiring an additional 199,668 shares in the last quarter. Finally, DNB Asset Management AS increased its stake in D.R. Horton by 10.3% in the second quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock valued at $7,132,000 after acquiring an additional 4,723 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $161.61 on Monday. The company has a market capitalization of $52.66 billion, a PE ratio of 11.25, a P/E/G ratio of 0.57 and a beta of 1.74. 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 twelve month low of $125.28 and a twelve month high of $199.85. The firm has a fifty day simple moving average of $182.40 and a 200 day simple moving average of $167.12.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the firm earned $4.45 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 14.54 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is currently 11.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DHI shares. UBS Group cut their target price on 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. Barclays reduced their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. BTIG Research reduced 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 research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $185.87.

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.