D.R. Horton, Inc. $DHI Shares Bought by Dnca Finance

Dnca Finance increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 19.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,500 shares of the construction company’s stock after acquiring an additional 15,000 shares during the period. Dnca Finance’s holdings in D.R. Horton were worth $11,925,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC lifted its holdings in D.R. Horton by 787.0% in the 1st quarter. Inspire Investing LLC now owns 20,384 shares of the construction company’s stock valued at $2,591,000 after acquiring an additional 18,086 shares during the last quarter. Swedbank AB grew its stake in shares of D.R. Horton by 22.8% in the 1st quarter. Swedbank AB now owns 524,512 shares of the construction company’s stock worth $66,681,000 after purchasing an additional 97,467 shares during the last quarter. Ascent Group LLC bought a new stake in shares of D.R. Horton in the 1st quarter worth approximately $232,000. CW Advisors LLC lifted its stake in D.R. Horton by 79.3% during the first quarter. CW Advisors LLC now owns 18,551 shares of the construction company’s stock valued at $2,361,000 after purchasing an additional 8,204 shares during the last quarter. Finally, Park National Corp OH boosted its holdings in D.R. Horton by 13.9% during the second quarter. Park National Corp OH now owns 282,096 shares of the construction company’s stock worth $36,368,000 after buying an additional 34,440 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 1.3%

Shares of D.R. Horton stock opened at $158.59 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company has a market cap of $46.32 billion, a P/E ratio of 13.68, a P/E/G ratio of 1.89 and a beta of 1.38. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $153.75 and a 200 day moving average price of $148.77.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.25). The business had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.44 billion. D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The company’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm earned $3.92 EPS. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.45 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio (DPR) is 15.53%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DHI shares. Bank of America dropped their price target on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. BTIG Research started coverage on D.R. Horton in a research report on Monday, December 1st. They set a “buy” rating and a $186.00 target price on the stock. Royal Bank Of Canada increased their price target on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. Citigroup restated a “market outperform” rating on shares of D.R. Horton in a report on Thursday, October 30th. Finally, Evercore ISI set a $169.00 target price on shares of D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus target price of $160.15.

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.