Captrust Financial Advisors Acquires 124 Shares of D.R. Horton, Inc. (NYSE:DHI)

Captrust Financial Advisors grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 65,795 shares of the construction company’s stock after purchasing an additional 124 shares during the period. Captrust Financial Advisors’ holdings in D.R. Horton were worth $12,552,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DHI. FMR LLC raised its stake in D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares in the last quarter. Assenagon Asset Management S.A. increased its position in D.R. Horton by 1,761.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock worth $147,118,000 after purchasing an additional 987,834 shares in the last quarter. Principal Financial Group Inc. lifted its stake in D.R. Horton by 51.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock valued at $233,525,000 after purchasing an additional 561,337 shares during the last quarter. Banque Pictet & Cie SA lifted its stake in D.R. Horton by 592.4% in the 2nd quarter. Banque Pictet & Cie SA now owns 402,923 shares of the construction company’s stock valued at $56,784,000 after purchasing an additional 344,731 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG bought a new stake in shares of D.R. Horton during the second quarter worth $37,613,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a research note on Tuesday, October 15th. Wells Fargo & Company cut their price target on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Citigroup lowered their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. BTIG Research cut their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada decreased their price target 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $185.87.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.74% of the company’s stock.

D.R. Horton Trading Down 0.4 %

NYSE DHI opened at $168.78 on Monday. The stock has a market capitalization of $54.21 billion, a P/E ratio of 11.75, a P/E/G ratio of 0.61 and a beta of 1.74. The business has a 50 day simple moving average of $177.29 and a 200 day simple moving average of $168.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton, Inc. has a one year low of $125.43 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 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 period last year, the business earned $4.45 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. 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 disclosed 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. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is currently 11.14%.

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.