Pitcairn Co. Boosts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Pitcairn Co. raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,081 shares of the construction company’s stock after buying an additional 102 shares during the quarter. Pitcairn Co.’s holdings in D.R. Horton were worth $397,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DHI. KBC Group NV lifted its position in D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after acquiring an additional 212,112 shares during the last quarter. Legacy CG LLC acquired a new stake in shares of D.R. Horton in the 3rd quarter worth $4,220,000. DNB Asset Management AS grew its stake in D.R. Horton by 10.3% during the 2nd quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock worth $7,132,000 after buying an additional 4,723 shares during the last quarter. Schear Investment Advisers LLC acquired a new position in D.R. Horton during the 3rd quarter valued at about $1,308,000. Finally, Atria Investments Inc raised its stake in D.R. Horton by 36.1% in the first quarter. Atria Investments Inc now owns 61,729 shares of the construction company’s stock valued at $10,157,000 after buying an additional 16,386 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DHI has been the topic of a number of research analyst reports. Bank of America boosted their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Wedbush upgraded 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 research note on Tuesday, October 15th. Barclays decreased their price target on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. BTIG Research cut their target price on 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, Evercore ISI reduced their target price 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $185.87.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.74% of the stock is owned by corporate insiders.

D.R. Horton Stock Down 2.5 %

DHI stock opened at $168.68 on Wednesday. D.R. Horton, Inc. has a one year low of $125.28 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The firm’s fifty day moving average is $178.80 and its 200 day moving average is $167.89. The firm has a market cap of $54.17 billion, a PE ratio of 11.75, a P/E/G ratio of 0.59 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last posted its 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). The business had revenue of $10 billion for the quarter, compared to analyst estimates 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 was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $4.45 earnings per share. On average, research analysts forecast that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 11.14%.

About D.R. Horton

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.