D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 30.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,429 shares of the construction company’s stock after acquiring an additional 7,496 shares during the period. Cerity Partners LLC’s holdings in D.R. Horton were worth $6,187,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Great Valley Advisor Group Inc. increased its holdings in D.R. Horton by 34.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 22,559 shares of the construction company’s stock valued at $4,304,000 after purchasing an additional 5,842 shares in the last quarter. Meridian Wealth Management LLC boosted its position in shares of D.R. Horton by 1.0% in the third quarter. Meridian Wealth Management LLC now owns 31,318 shares of the construction company’s stock worth $5,975,000 after buying an additional 303 shares during the period. Studio Investment Management LLC grew its stake in shares of D.R. Horton by 0.5% in the third quarter. Studio Investment Management LLC now owns 23,884 shares of the construction company’s stock valued at $4,556,000 after buying an additional 114 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of D.R. Horton by 7.3% during the 3rd quarter. Raymond James Trust N.A. now owns 11,002 shares of the construction company’s stock valued at $2,099,000 after buying an additional 750 shares during the period. Finally, Navellier & Associates Inc. acquired a new position in D.R. Horton during the 3rd quarter worth approximately $210,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $169.43 on Thursday. The company has a market cap of $54.42 billion, a PE ratio of 11.80, a P/E/G ratio of 0.63 and a beta of 1.74. D.R. Horton, Inc. has a fifty-two week low of $125.28 and a fifty-two week high of $199.85. The firm has a 50-day simple moving average of $178.30 and a 200 day simple moving average of $167.90. 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 (NYSE:DHI) last posted 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). The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the company posted $4.45 earnings per share. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.14%.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.74% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DHI. JPMorgan Chase & Co. increased 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. UBS Group dropped their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. BTIG Research decreased their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada dropped their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company reduced their price target on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $185.87.

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.