D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Caprock Group LLC

Caprock Group LLC lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,030 shares of the construction company’s stock after purchasing an additional 391 shares during the period. Caprock Group LLC’s holdings in D.R. Horton were worth $1,532,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Edgestream Partners L.P. raised its holdings in D.R. Horton by 18.5% in the first quarter. Edgestream Partners L.P. now owns 1,715 shares of the construction company’s stock valued at $282,000 after acquiring an additional 268 shares in the last quarter. Bessemer Group Inc. raised its holdings in D.R. Horton by 107.6% in the first quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock valued at $2,444,000 after acquiring an additional 7,699 shares in the last quarter. Pitcairn Co. raised its holdings in D.R. Horton by 10.2% in the first quarter. Pitcairn Co. now owns 1,878 shares of the construction company’s stock valued at $309,000 after acquiring an additional 174 shares in the last quarter. Shell Asset Management Co. raised its holdings in D.R. Horton by 55.4% in the first quarter. Shell Asset Management Co. now owns 5,838 shares of the construction company’s stock valued at $961,000 after acquiring an additional 2,082 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its holdings in D.R. Horton by 66.9% in the first quarter. CreativeOne Wealth LLC now owns 3,723 shares of the construction company’s stock valued at $613,000 after acquiring an additional 1,492 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on DHI shares. 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 research note on Tuesday, October 15th. Wells Fargo & Company lowered 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 research note on Wednesday, October 30th. Bank of America boosted 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. Barclays lowered their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, Evercore ISI lowered their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” 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 issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $185.87.

D.R. Horton Stock Up 0.5 %

DHI opened at $163.13 on Thursday. D.R. Horton, Inc. has a fifty-two week low of $125.28 and a fifty-two week high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The firm’s fifty day moving average price is $180.93 and its two-hundred day moving average price is $167.30. The company has a market capitalization of $53.15 billion, a P/E ratio of 11.36, a P/E/G ratio of 0.58 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last issued its earnings results 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 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 analyst estimates of $10.22 billion. During the same quarter in the prior year, the firm posted $4.45 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts anticipate that D.R. Horton, Inc. will post 14.54 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders 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 yield of 0.98%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s 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.