Stolper Co Buys 339 Shares of D.R. Horton, Inc. (NYSE:DHI)

Stolper Co raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 0.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 36,706 shares of the construction company’s stock after buying an additional 339 shares during the period. D.R. Horton comprises 1.7% of Stolper Co’s holdings, making the stock its 25th largest position. Stolper Co’s holdings in D.R. Horton were worth $5,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Mountaineer Partners Management LLC acquired a new stake in D.R. Horton in the 3rd quarter valued at about $1,853,178,000. FMR LLC boosted its position in D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Geode Capital Management LLC raised its position in shares of D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after purchasing an additional 21,073 shares during the period. Smead Capital Management Inc. grew its stake in D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after buying an additional 84,835 shares during the last quarter. Finally, Earnest Partners LLC lifted its position in D.R. Horton by 0.4% during the second quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock worth $290,901,000 after acquiring an additional 9,137 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of the company’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 transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

D.R. Horton Stock Up 1.6 %

NYSE:DHI opened at $145.47 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85. The firm’s 50 day simple moving average is $153.12 and its 200 day simple moving average is $168.80. The company has a market cap of $46.67 billion, a PE ratio of 10.13, a P/E/G ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last announced 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 business 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.45 EPS. On average, research analysts anticipate that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. 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. D.R. Horton’s payout ratio is presently 11.14%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DHI shares. Evercore ISI decreased their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Royal Bank of Canada cut their price objective on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a report on Wednesday, October 30th. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Finally, Bank of America boosted their price target on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $176.53.

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.