Fiduciary Trust Co Boosts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Fiduciary Trust Co increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 207.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,424 shares of the construction company’s stock after acquiring an additional 7,708 shares during the period. Fiduciary Trust Co’s holdings in D.R. Horton were worth $2,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DHI. Bfsg LLC raised its holdings 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 in the last quarter. Coastline Trust Co purchased a new position in shares of D.R. Horton during the third quarter valued at about $26,000. Signature Resources Capital Management LLC bought a new position in D.R. Horton in the second quarter worth about $31,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares during the period. Finally, Wolff Wiese Magana LLC grew its holdings in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after acquiring an additional 196 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Down 0.3 %

Shares of NYSE:DHI opened at $168.90 on Friday. D.R. Horton, Inc. has a 1 year low of $125.43 and a 1 year high of $199.85. The stock’s fifty day moving average price is $177.29 and its 200-day moving average price is $168.07. The company has a market cap of $54.25 billion, a P/E ratio of 11.76, a PEG ratio of 0.62 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI) last announced 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 business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.45 earnings per share. Sell-side analysts expect that D.R. Horton, Inc. will post 14.4 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.95%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is currently 11.14%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of a number of research analyst reports. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a research note on Tuesday, October 15th. Wells Fargo & Company lowered their price objective on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Evercore ISI reduced their target price 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. Citigroup lowered their price target on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, 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 report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average target price of $185.87.

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.