FSA Wealth Management LLC Takes $47,000 Position in D.R. Horton, Inc. (NYSE:DHI)

FSA Wealth Management LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 244 shares of the construction company’s stock, valued at approximately $47,000.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV lifted its holdings in D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after purchasing an additional 212,112 shares in the last quarter. Legacy CG LLC purchased a new position in D.R. Horton during the third quarter worth about $4,220,000. Schear Investment Advisers LLC acquired a new position in D.R. Horton in the third quarter valued at approximately $1,308,000. DNB Asset Management AS grew its holdings in shares of D.R. Horton by 10.3% during the 2nd quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock worth $7,132,000 after purchasing an additional 4,723 shares during the period. Finally, Rheos Capital Works Inc. increased its position in shares of D.R. Horton by 84.4% during the third quarter. Rheos Capital Works Inc. now owns 83,000 shares of the construction company’s stock valued at $15,834,000 after acquiring an additional 38,000 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a report on Tuesday, October 15th. Citigroup lowered their target price on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Barclays cut their price target on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Finally, Wells Fargo & Company lowered 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 note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $185.87.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction 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 document filed with the SEC, which is available through this link. 1.74% of the stock is currently owned by corporate insiders.

D.R. Horton Trading Down 0.4 %

DHI opened at $168.78 on Monday. The business’s 50-day simple moving average is $177.29 and its 200-day simple moving average is $168.28. The company has a market cap of $54.21 billion, a P/E ratio of 11.75, a PEG ratio of 0.61 and a beta of 1.74. D.R. Horton, Inc. has a one year low of $125.43 and a one 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.

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). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the previous year, the company posted $4.45 EPS. The company’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities research analysts expect that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given 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 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.