Pacer Advisors Inc. Buys 13,993 Shares of D.R. Horton, Inc. (NYSE:DHI)

Pacer Advisors Inc. increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 64.3% during the fourth quarter, Holdings Channel reports. The firm owned 35,747 shares of the construction company’s stock after acquiring an additional 13,993 shares during the period. Pacer Advisors Inc.’s holdings in D.R. Horton were worth $4,998,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Coastline Trust Co bought a new position in D.R. Horton in the 3rd quarter valued at about $26,000. Rakuten Securities Inc. raised 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 valued at $33,000 after purchasing an additional 117 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in D.R. Horton by 1,306.7% during 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 during the last quarter. Grove Bank & Trust boosted its holdings in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after purchasing an additional 93 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of D.R. Horton in the 3rd quarter valued at $47,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI opened at $145.94 on Friday. The business has a 50-day moving average of $148.99 and a 200-day moving average of $169.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.61. The company has a market capitalization of $46.82 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the business earned $2.82 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 13.87 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. D.R. Horton’s payout ratio is currently 11.31%.

Analysts Set New Price Targets

DHI has been the topic of several research analyst reports. BTIG Research reduced their price objective on 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. JMP Securities restated a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Evercore ISI lowered their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their target price for the company from $160.00 to $150.00 in a research report on Monday. Finally, UBS Group lowered their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued 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 $170.20.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.54% of the company’s stock.

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.