Navellier & Associates Inc. Acquires New Position in D.R. Horton, Inc. (NYSE:DHI)

Navellier & Associates Inc. bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,100 shares of the construction company’s stock, valued at approximately $210,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Coastline Trust Co acquired a new position in shares of D.R. Horton during the third quarter worth about $26,000. Rakuten Securities Inc. lifted its stake in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares during the last quarter. Bfsg LLC grew its holdings in D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after acquiring an additional 74 shares in the last quarter. Wolff Wiese Magana LLC increased its position in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares during the last quarter. Finally, Grove Bank & Trust raised its holdings in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after purchasing an additional 93 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Up 1.0 %

NYSE DHI opened at $163.51 on Friday. The firm’s fifty day moving average is $179.77 and its two-hundred day moving average is $167.34. 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 has a market cap of $53.28 billion, a PE ratio of 11.39, a P/E/G ratio of 0.59 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (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 company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the firm earned $4.45 EPS. The business’s revenue was down 4.7% on a year-over-year basis. Analysts expect that D.R. Horton, Inc. will post 14.4 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of analyst reports. 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. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Citigroup cut their target price on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. BTIG Research decreased their target price 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. Finally, Bank of America increased their price target 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. 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’s stock. Based on data from MarketBeat, the company 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.74% of the stock is currently owned by insiders.

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.