FSA Wealth Management LLC Buys Shares of 244 D.R. Horton, Inc. (NYSE:DHI)

FSA Wealth Management LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 244 shares of the construction company’s stock, valued at approximately $47,000.

Other institutional investors have also recently made changes to their positions in the company. Bfsg LLC grew its holdings in D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after acquiring an additional 74 shares in the last quarter. Coastline Trust Co bought a new position in shares of D.R. Horton during the third quarter valued at approximately $26,000. Signature Resources Capital Management LLC purchased a new position in D.R. Horton during the second quarter valued at approximately $31,000. Rakuten Securities Inc. raised its stake in D.R. Horton by 216.7% in the third 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. Finally, Wolff Wiese Magana LLC lifted its holdings in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.74% of the company’s stock.

D.R. Horton Trading Down 0.4 %

D.R. Horton stock opened at $168.78 on Monday. The stock has a 50-day moving average price of $177.29 and a 200 day moving average price of $168.28. The company has a market capitalization of $54.21 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.61 and a beta of 1.74. D.R. Horton, Inc. has a 52 week low of $125.43 and a 52 week high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the previous year, the firm posted $4.45 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. Sell-side analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is 11.14%.

Analysts Set New Price Targets

Several research analysts have recently commented on DHI shares. Evercore ISI reduced their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Barclays reduced their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. BTIG Research lowered their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” 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 price objective for the company in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $185.87.

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.