Catalyst Capital Advisors LLC Acquires Shares of 16,000 D. R. Horton Inc (NYSE:DHI)

Catalyst Capital Advisors LLC acquired a new stake in shares of D. R. Horton Inc (NYSE:DHI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,000 shares of the construction company’s stock, valued at approximately $843,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DHI. BBVA USA Bancshares Inc. increased its stake in shares of D. R. Horton by 2.6% in the third quarter. BBVA USA Bancshares Inc. now owns 37,011 shares of the construction company’s stock valued at $1,951,000 after buying an additional 939 shares in the last quarter. Intersect Capital LLC acquired a new stake in shares of D. R. Horton in the third quarter valued at $235,000. Boston Advisors LLC increased its stake in shares of D. R. Horton by 73.3% in the third quarter. Boston Advisors LLC now owns 57,968 shares of the construction company’s stock valued at $3,056,000 after buying an additional 24,512 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of D. R. Horton by 803.6% in the third quarter. Tower Research Capital LLC TRC now owns 10,907 shares of the construction company’s stock valued at $575,000 after buying an additional 9,700 shares in the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in shares of D. R. Horton in the third quarter valued at $1,451,000. 86.78% of the stock is owned by institutional investors.

Shares of DHI stock opened at $54.27 on Wednesday. The stock has a 50-day moving average price of $52.54 and a 200 day moving average price of $47.59. The company has a quick ratio of 0.94, a current ratio of 6.91 and a debt-to-equity ratio of 0.35. The firm has a market cap of $18.92 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 1.01 and a beta of 1.01. D. R. Horton Inc has a 12 month low of $32.39 and a 12 month high of $55.67.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, November 12th. The construction company reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.10. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $4.86 billion. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $1.22 earnings per share. Sell-side analysts predict that D. R. Horton Inc will post 4.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.29%. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.15. D. R. Horton’s dividend payout ratio (DPR) is presently 14.67%.

DHI has been the subject of a number of research reports. Seaport Global Securities initiated coverage on D. R. Horton in a research note on Friday, August 23rd. They issued a “buy” rating and a $59.00 target price for the company. ValuEngine lowered D. R. Horton from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. Buckingham Research raised their target price on D. R. Horton from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. SunTrust Banks initiated coverage on D. R. Horton in a research note on Monday, August 12th. They issued a “buy” rating and a $56.00 target price for the company. Finally, Barclays raised their target price on D. R. Horton from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $48.98.

In related news, Director Michael W. Hewatt sold 7,000 shares of D. R. Horton stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $49.45, for a total value of $346,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.87% of the stock is owned by company insiders.

D. R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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