Strengthening Families & Communities LLC Boosts Stake in D.R. Horton, Inc. (NYSE:DHI)

Strengthening Families & Communities LLC grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 10.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,791 shares of the construction company’s stock after buying an additional 928 shares during the quarter. Strengthening Families & Communities LLC’s holdings in D.R. Horton were worth $1,868,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DHI. Bfsg LLC raised its position in D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares during the period. Coastline Trust Co purchased a new position in D.R. Horton in the 3rd quarter worth $26,000. Signature Resources Capital Management LLC purchased a new position in D.R. Horton in the 2nd quarter worth $31,000. Rakuten Securities Inc. raised its position in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares during the period. Finally, Wolff Wiese Magana LLC increased its position in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. UBS Group decreased their price objective on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Evercore ISI decreased their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Royal Bank of Canada cut their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company cut their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $185.87.

D.R. Horton Trading Down 1.3 %

Shares of NYSE DHI opened at $161.61 on Monday. The firm’s 50 day moving average price is $182.40 and its 200-day moving average price is $167.12. The company has a market cap of $52.66 billion, a PE ratio of 11.25, a P/E/G ratio of 0.57 and a beta of 1.74. D.R. Horton, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.45 EPS. On average, equities research analysts expect that D.R. Horton, Inc. will post 14.54 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.40 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Tuesday, November 12th. D.R. Horton’s dividend payout ratio is currently 11.14%.

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.