World Investment Advisors LLC Invests $560,000 in D.R. Horton, Inc. (NYSE:DHI)

World Investment Advisors 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 13F filing with the Securities & Exchange Commission. The fund purchased 2,933 shares of the construction company’s stock, valued at approximately $560,000.

A number of other large investors have also modified their holdings of the business. Hennion & Walsh Asset Management Inc. purchased a new stake in D.R. Horton in the second quarter valued at approximately $458,000. First Horizon Advisors Inc. boosted its position in D.R. Horton by 5.3% in the second quarter. First Horizon Advisors Inc. now owns 1,417 shares of the construction company’s stock valued at $200,000 after buying an additional 71 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in D.R. Horton by 14.0% in the second quarter. First Citizens Bank & Trust Co. now owns 1,591 shares of the construction company’s stock valued at $224,000 after buying an additional 195 shares during the last quarter. Focus Financial Network Inc. boosted its position in D.R. Horton by 4.9% in the second quarter. Focus Financial Network Inc. now owns 2,984 shares of the construction company’s stock valued at $421,000 after buying an additional 140 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in D.R. Horton in the second quarter valued at approximately $453,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.74% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of recent research reports. Barclays reiterated an “equal weight” rating and issued a $170.00 target price (down previously from $192.00) on shares of D.R. Horton in a research report on Wednesday, December 11th. Citigroup decreased their price target on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a report on Tuesday, October 15th. Finally, Evercore ISI decreased their price target 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. Two investment 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. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $179.60.

D.R. Horton Stock Down 0.6 %

NYSE DHI opened at $146.73 on Wednesday. The business has a fifty day moving average price of $169.49 and a 200 day moving average price of $169.16. D.R. Horton, Inc. has a one year low of $133.02 and a one 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 company has a market cap of $47.13 billion, a P/E ratio of 10.22, a P/E/G ratio of 0.57 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last posted 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 firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the company posted $4.45 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Research analysts anticipate that D.R. Horton, Inc. will post 14.17 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a $0.40 dividend. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 11.14%.

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.