Paloma Partners Management Co Purchases 9,932 Shares of D.R. Horton, Inc. (NYSE:DHI)

Paloma Partners Management Co lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 177.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,517 shares of the construction company’s stock after purchasing an additional 9,932 shares during the quarter. Paloma Partners Management Co’s holdings in D.R. Horton were worth $2,960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DHI. Point72 Asia Singapore Pte. Ltd. acquired a new stake in D.R. Horton during the third quarter worth $641,000. Point72 Hong Kong Ltd acquired a new stake in D.R. Horton in the 3rd quarter valued at $2,647,000. FSA Wealth Management LLC bought a new position in D.R. Horton in the 3rd quarter valued at $47,000. Erste Asset Management GmbH bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $19,784,000. Finally, Kolinsky Wealth Management LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $210,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on DHI shares. UBS Group decreased their price objective on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI lowered their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Royal Bank of Canada dropped their price target on shares of 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, Citigroup reduced their price objective on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $185.87.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $168.78 on Monday. The stock’s fifty day simple moving average is $177.29 and its 200 day simple moving average is $168.28. 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 company has a market capitalization of $54.21 billion, a PE ratio of 11.75, a PEG ratio of 0.61 and a beta of 1.74. D.R. Horton, Inc. has a 12 month low of $125.43 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly 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). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the business earned $4.45 EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, research analysts predict that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Increases Dividend

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

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.74% of the stock is owned by insiders.

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.