1,119 Shares in D.R. Horton, Inc. (NYSE:DHI) Acquired by Financial Counselors Inc.

Financial Counselors Inc. purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,119 shares of the construction company’s stock, valued at approximately $213,000.

Other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers lifted its position in shares of D.R. Horton by 141.5% in the 1st quarter. Cetera Investment Advisers now owns 75,903 shares of the construction company’s stock worth $12,490,000 after purchasing an additional 44,468 shares during the period. Cetera Advisors LLC raised its holdings in D.R. Horton by 139.8% in the first quarter. Cetera Advisors LLC now owns 25,382 shares of the construction company’s stock worth $4,177,000 after purchasing an additional 14,798 shares in the last quarter. Transcend Capital Advisors LLC lifted its position in shares of D.R. Horton by 69.7% during the second quarter. Transcend Capital Advisors LLC now owns 3,488 shares of the construction company’s stock valued at $492,000 after buying an additional 1,433 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of D.R. Horton by 35.9% in the 2nd quarter. GAMMA Investing LLC now owns 3,418 shares of the construction company’s stock valued at $482,000 after buying an additional 902 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of D.R. Horton by 12.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,186 shares of the construction company’s stock worth $167,000 after buying an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on DHI. Bank of America raised their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wells Fargo & Company decreased their price objective on shares of 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. JPMorgan Chase & Co. boosted their target price on shares of D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. UBS Group lowered their price objective on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Citigroup cut their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $185.87.

D.R. Horton Stock Down 0.4 %

DHI opened at $168.78 on Monday. D.R. Horton, Inc. has a fifty-two week low of $125.43 and a fifty-two 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. The stock has a market capitalization of $54.21 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.61 and a beta of 1.74. The company has a fifty day moving average of $177.29 and a two-hundred day moving average of $168.28.

D.R. Horton (NYSE:DHI) last issued 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 business had revenue of $10 billion for 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 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 company posted $4.45 EPS. On average, research analysts expect that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Increases Dividend

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

About D.R. Horton

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.