GAMMA Investing LLC Boosts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

GAMMA Investing LLC boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 12.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,774 shares of the construction company’s stock after acquiring an additional 533 shares during the quarter. GAMMA Investing LLC’s holdings in D.R. Horton were worth $668,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Coastline Trust Co purchased a new position in shares of D.R. Horton in the third quarter valued at approximately $26,000. Rakuten Securities Inc. lifted 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 buying an additional 117 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in 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 valued at $40,000 after buying an additional 196 shares during the period. Grove Bank & Trust grew its stake in shares of D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of D.R. Horton during the third quarter worth $47,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DHI. Evercore ISI decreased their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Citigroup decreased their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. BTIG Research cut their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada decreased their price target 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, Bank of America boosted their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $179.60.

D.R. Horton Stock Performance

Shares of DHI stock opened at $139.89 on Friday. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The firm has a market cap of $44.88 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 0.57 and a beta of 1.75. The stock’s 50-day moving average is $157.58 and its two-hundred day moving average is $168.50.

D.R. Horton (NYSE:DHI) last released its quarterly 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 firm 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%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $4.45 EPS. Analysts predict that D.R. Horton, Inc. will post 14.17 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. D.R. Horton’s payout ratio is currently 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.