Sanibel Captiva Trust Company Inc. Buys 991 Shares of D.R. Horton, Inc. (NYSE:DHI)

Sanibel Captiva Trust Company Inc. increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 15.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,341 shares of the construction company’s stock after buying an additional 991 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in D.R. Horton were worth $1,026,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Coastline Trust Co purchased a new position in shares of D.R. Horton during the 3rd quarter worth approximately $26,000. Rakuten Securities Inc. boosted its position in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares during the period. Wolff Wiese Magana LLC raised its holdings 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 worth $40,000 after purchasing an additional 196 shares in the last quarter. Finally, Grove Bank & Trust lifted its position in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after buying an additional 93 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on DHI shares. 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. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $176.20.

D.R. Horton Price Performance

DHI opened at $147.83 on Friday. The company’s 50-day simple moving average is $151.85 and its two-hundred day simple moving average is $168.79. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85. The stock has a market capitalization of $47.43 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.51 and a beta of 1.75. 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 company had revenue of $10 billion during the quarter, compared to analysts’ expectations 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 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 posted $4.45 EPS. As a group, analysts predict that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. 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.