D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Harbour Investments Inc.

Harbour Investments Inc. increased its position in D.R. Horton, Inc. (NYSE:DHI) by 409.5% during the third quarter, Holdings Channel reports. The fund owned 1,014 shares of the construction company’s stock after purchasing an additional 815 shares during the quarter. Harbour Investments Inc.’s holdings in D.R. Horton were worth $193,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of DHI. Core Wealth Partners LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at about $234,000. Catalytic Wealth RIA LLC boosted its position in shares of D.R. Horton by 2.2% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 3,861 shares of the construction company’s stock valued at $737,000 after purchasing an additional 83 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at about $382,000. Ashton Thomas Securities LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at about $50,000. Finally, River Global Investors LLP boosted its position in shares of D.R. Horton by 4.4% during the 3rd quarter. River Global Investors LLP now owns 11,006 shares of the construction company’s stock valued at $2,099,000 after purchasing an additional 462 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Wells Fargo & Company decreased their target price 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. UBS Group decreased their target price on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” 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 for the company in a report on Wednesday, October 30th. Finally, Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus target price of $185.87.

D.R. Horton Trading Down 0.1 %

NYSE:DHI opened at $161.45 on Tuesday. D.R. Horton, Inc. has a 12 month low of $125.28 and a 12 month high of $199.85. The firm has a market cap of $52.61 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 0.57 and a beta of 1.74. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $181.88 and its 200-day moving average is $167.23.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the business earned $4.45 EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts anticipate that D.R. Horton, Inc. will post 14.54 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is 11.14%.

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.