Private Trust Co. NA Raises Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Private Trust Co. NA lifted its stake in D.R. Horton, Inc. (NYSE:DHI) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,620 shares of the construction company’s stock after buying an additional 78 shares during the period. Private Trust Co. NA’s holdings in D.R. Horton were worth $1,454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Bfsg LLC grew its holdings in shares of D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares during the last quarter. Coastline Trust Co purchased a new position in D.R. Horton during the 3rd quarter worth approximately $26,000. Signature Resources Capital Management LLC purchased a new position in D.R. Horton during the 2nd quarter worth approximately $31,000. Rakuten Securities Inc. increased its position in D.R. Horton by 216.7% during 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 lifted its stake in 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 buying an additional 196 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.74% of the stock is owned by corporate insiders.

D.R. Horton Trading Up 5.8 %

NYSE:DHI opened at $172.97 on Tuesday. D.R. Horton, Inc. has a 1 year low of $125.28 and a 1 year 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. The stock has a fifty day moving average price of $179.34 and a two-hundred day moving average price of $167.76. The stock has a market capitalization of $55.55 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 0.59 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results 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). The company had revenue of $10 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.45 EPS. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.4 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 0.93%. D.R. Horton’s payout ratio is currently 11.14%.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of research reports. Royal Bank of Canada lowered 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 report on Wednesday, October 30th. UBS Group lowered 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. BTIG Research reduced their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company decreased their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, 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 report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.