Pathstone Holdings LLC Has $8.16 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Pathstone Holdings LLC grew its position in D.R. Horton, Inc. (NYSE:DHI) by 3.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 42,770 shares of the construction company’s stock after acquiring an additional 1,426 shares during the quarter. Pathstone Holdings LLC’s holdings in D.R. Horton were worth $8,159,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Edgestream Partners L.P. lifted its stake in D.R. Horton by 18.5% in the first quarter. Edgestream Partners L.P. now owns 1,715 shares of the construction company’s stock valued at $282,000 after acquiring an additional 268 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of D.R. Horton by 107.6% in the 1st quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock valued at $2,444,000 after purchasing an additional 7,699 shares during the last quarter. Pitcairn Co. boosted its holdings in D.R. Horton by 10.2% in the first quarter. Pitcairn Co. now owns 1,878 shares of the construction company’s stock worth $309,000 after purchasing an additional 174 shares in the last quarter. Shell Asset Management Co. increased its position in D.R. Horton by 55.4% during the first quarter. Shell Asset Management Co. now owns 5,838 shares of the construction company’s stock worth $961,000 after buying an additional 2,082 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its holdings in D.R. Horton by 66.9% during the first quarter. CreativeOne Wealth LLC now owns 3,723 shares of the construction company’s stock valued at $613,000 after buying an additional 1,492 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other D.R. Horton 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 transaction of $921,515.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.74% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DHI has been the topic of a number of analyst reports. Royal Bank of Canada lowered their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a research note on Tuesday, October 15th. Barclays dropped their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Evercore ISI lowered their price target on 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. Finally, BTIG Research cut their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $185.87.

D.R. Horton Stock Performance

D.R. Horton stock opened at $162.05 on Friday. D.R. Horton, Inc. has a 12-month low of $125.28 and a 12-month high of $199.85. The stock has a 50-day simple moving average of $180.39 and a 200 day simple moving average of $167.26. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $52.80 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 0.59 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’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 posted $4.45 earnings per share. On average, research analysts anticipate that D.R. Horton, Inc. will post 14.4 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. 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%.

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.