The Manufacturers Life Insurance Company Raises Stock Position in D.R. Horton, Inc. (NYSE:DHI)

The Manufacturers Life Insurance Company raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 0.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 364,267 shares of the construction company’s stock after buying an additional 166 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.10% of D.R. Horton worth $27,550,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FIL Ltd increased its holdings in D.R. Horton by 248.2% in the second quarter. FIL Ltd now owns 585 shares of the construction company’s stock valued at $32,000 after buying an additional 417 shares in the last quarter. Simon Quick Advisors LLC purchased a new position in D.R. Horton in the third quarter valued at about $34,000. Anderson Fisher LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $35,000. Allworth Financial LP acquired a new stake in shares of D.R. Horton in the second quarter valued at approximately $45,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $45,000. 72.93% of the stock is owned by institutional investors.

NYSE:DHI opened at $75.00 on Friday. The company has a quick ratio of 0.67, a current ratio of 2.47 and a debt-to-equity ratio of 0.38. The company has a market cap of $27.28 billion, a P/E ratio of 11.68, a P/E/G ratio of 0.82 and a beta of 1.78. D.R. Horton, Inc. has a fifty-two week low of $25.51 and a fifty-two week high of $81.21. The firm’s 50 day moving average is $73.64 and its two-hundred day moving average is $64.99.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, November 10th. The construction company reported $2.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.48. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $5.89 billion. D.R. Horton had a net margin of 11.69% and a return on equity of 20.67%. D.R. Horton’s revenue was up 27.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 earnings per share. Research analysts forecast that D.R. Horton, Inc. will post 7.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.07%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.18. D.R. Horton’s dividend payout ratio (DPR) is currently 11.36%.

Several analysts have recently commented on the stock. JMP Securities increased their price target on shares of D.R. Horton from $75.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday. Zelman & Associates lowered shares of D.R. Horton from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. Citigroup increased their price target on shares of D.R. Horton from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on shares of D.R. Horton from $78.00 to $85.00 in a research report on Thursday, November 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of D.R. Horton from $73.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $78.52.

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 20 states and 51 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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