Passumpsic Savings Bank Takes $2.47 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Passumpsic Savings Bank bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,928 shares of the construction company’s stock, valued at approximately $2,466,000. D.R. Horton accounts for about 1.6% of Passumpsic Savings Bank’s holdings, making the stock its 28th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of DHI. Mountaineer Partners Management LLC acquired a new stake in D.R. Horton during the third quarter worth approximately $1,853,178,000. FMR LLC lifted its holdings in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC boosted its stake in D.R. Horton by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after purchasing an additional 21,073 shares during the period. Smead Capital Management Inc. grew its holdings in D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after buying an additional 84,835 shares in the last quarter. Finally, Earnest Partners LLC increased its position in D.R. Horton by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock worth $290,901,000 after buying an additional 9,137 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reduced their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company cut 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 report on Wednesday, October 30th. Evercore ISI decreased 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. Bank of America lifted their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. increased their price target on D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $182.73.

D.R. Horton Trading Down 2.5 %

Shares of D.R. Horton stock opened at $156.98 on Wednesday. The firm has a market capitalization of $50.42 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.58 and a beta of 1.71. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $173.95 and its 200 day moving average is $168.88. 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 announced its quarterly 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 return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the company posted $4.45 earnings per share. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. Equities research analysts forecast that D.R. Horton, Inc. will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s payout ratio is 11.14%.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.74% of the company’s stock.

D.R. Horton Company 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.