D.R. Horton, Inc. (NYSE:DHI) Holdings Raised by Legal Advantage Investments Inc.

Legal Advantage Investments Inc. grew its position in D.R. Horton, Inc. (NYSE:DHI) by 58.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,450 shares of the construction company’s stock after acquiring an additional 2,375 shares during the quarter. Legal Advantage Investments Inc.’s holdings in D.R. Horton were worth $902,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV grew its stake in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after buying an additional 212,112 shares during the last quarter. Legacy CG LLC bought a new position in D.R. Horton during the 3rd quarter worth $4,220,000. Toronto Dominion Bank grew its stake in D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after buying an additional 15,460 shares during the last quarter. Pensionfund Sabic grew its stake in D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after buying an additional 4,000 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its stake in D.R. Horton by 904.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after buying an additional 36,780 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated 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 SEC, which is available at this link. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

DHI has been the subject of a number of recent research reports. BTIG Research lowered their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays decreased their price target on D.R. Horton from $170.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Wedbush reissued a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday. Royal Bank of Canada decreased their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. Finally, Evercore ISI decreased their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $176.20.

D.R. Horton Stock Up 0.8 %

NYSE:DHI opened at $147.83 on Tuesday. The firm has a market capitalization of $47.43 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.56 and a beta of 1.75. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85. 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 business’s fifty day moving average price is $151.85 and its 200 day moving average price is $169.02.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share 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 firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the company earned $4.45 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal 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. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. 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 1.08%. 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.