D.R. Horton, Inc. $DHI Shares Bought by Ariel Investments LLC

Ariel Investments LLC lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 5.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 144,643 shares of the construction company’s stock after buying an additional 7,022 shares during the period. Ariel Investments LLC’s holdings in D.R. Horton were worth $18,647,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DHI. Twin Capital Management Inc. boosted its position in shares of D.R. Horton by 0.3% during the 2nd quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock valued at $3,008,000 after purchasing an additional 78 shares in the last quarter. Mutual Advisors LLC grew its position in D.R. Horton by 4.8% in the second quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock worth $225,000 after buying an additional 80 shares during the last quarter. Horizon Investments LLC grew its position in D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company’s stock worth $708,000 after buying an additional 83 shares during the last quarter. Franchise Capital Ltd increased its holdings in shares of D.R. Horton by 15.7% in the second quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock valued at $81,000 after buying an additional 85 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its position in shares of D.R. Horton by 5.3% during the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,000 shares of the construction company’s stock valued at $258,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 2.1%

NYSE DHI opened at $149.17 on Wednesday. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The firm’s fifty day simple moving average is $152.99 and its 200-day simple moving average is $149.43. The company has a market capitalization of $43.57 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 1.82 and a beta of 1.38.

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

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were issued a $0.45 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, November 13th. D.R. Horton’s dividend payout ratio is currently 15.53%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Citigroup reaffirmed a “market outperform” rating on shares of D.R. Horton in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of D.R. Horton in a research note on Monday. Wells Fargo & Company decreased their target price on shares of D.R. Horton from $190.00 to $180.00 and set an “overweight” rating for the company in a report on Monday. UBS Group boosted their price target on shares of D.R. Horton from $187.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Bank of America decreased their price objective on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. One investment 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 company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $161.08.

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.