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

Harbour Investments Inc. raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 409.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 SEC.

Other institutional investors also recently bought and sold shares of the company. Bfsg LLC boosted its holdings in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares in the last quarter. Wolff Wiese Magana LLC boosted its holdings in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares in the last quarter. Grove Bank & Trust boosted its holdings in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after buying an additional 93 shares in the last quarter. Signature Resources Capital Management LLC purchased a new stake in D.R. Horton during the second quarter worth about $31,000. Finally, Ashton Thomas Securities LLC purchased a new stake in D.R. Horton during the third quarter worth about $50,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

D.R. Horton stock opened at $161.45 on Tuesday. The firm has a market capitalization of $52.61 billion, a P/E ratio of 11.24, a PEG ratio of 0.57 and a beta of 1.74. The firm has a fifty day moving average of $181.88 and a 200-day moving average of $167.23. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last announced 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). The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. D.R. Horton’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.45 earnings per share. As a group, analysts predict that D.R. Horton, Inc. will post 14.54 EPS for the current year.

D.R. Horton Increases Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target on the stock in a report on Tuesday, October 15th. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Citigroup cut their price objective on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $185.87.

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.