D.R. Horton, Inc. (NYSE:DHI) Shares Bought by IMS Capital Management

IMS Capital Management increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 9.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,813 shares of the construction company’s stock after acquiring an additional 316 shares during the quarter. IMS Capital Management’s holdings in D.R. Horton were worth $727,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Bfsg LLC boosted its stake in shares of D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after buying an additional 74 shares during the last quarter. Coastline Trust Co bought a new position in D.R. Horton during the 3rd quarter valued at $26,000. Rakuten Securities Inc. grew its holdings in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 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 worth $40,000 after purchasing an additional 196 shares during the last quarter. Finally, Grove Bank & Trust raised its stake 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. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.6 %

Shares of NYSE:DHI opened at $146.73 on Wednesday. The company has a 50 day moving average of $169.49 and a 200-day moving average of $169.16. 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 firm has a market cap of $47.13 billion, a P/E ratio of 10.22, a P/E/G ratio of 0.57 and a beta of 1.71. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share 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 firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the company earned $4.45 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, analysts anticipate that D.R. Horton, Inc. will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s payout ratio is presently 11.14%.

Insider Activity at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DHI. BTIG Research decreased their price target 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. UBS Group decreased their target price on D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target on the stock in a research report on Tuesday, October 15th. Royal Bank of Canada lowered their target price 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, Evercore ISI reduced their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $179.60.

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.