MAI Capital Management Takes $2.28 Million Position in D.R. Horton, Inc. (NYSE:DHI)

MAI Capital Management acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,956 shares of the construction company's stock, valued at approximately $2,281,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DHI. Bfsg LLC increased its holdings in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company's stock worth $25,000 after acquiring an additional 74 shares during the period. Coastline Trust Co bought a new stake in D.R. Horton during the third quarter worth approximately $26,000. Signature Resources Capital Management LLC bought a new stake in shares of D.R. Horton in the 2nd quarter worth $31,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after acquiring an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC lifted its stake 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 valued at $40,000 after purchasing an additional 196 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DHI shares. Wedbush upgraded D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price target for the company in a research report on Tuesday, October 15th. Raymond James lowered D.R. Horton from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. Royal Bank of Canada dropped their target price on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a report on Wednesday, October 30th. UBS Group dropped their target price on D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Finally, BTIG Research dropped their target price on D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $185.87.

D.R. Horton Stock Up 0.5 %

Shares of NYSE:DHI opened at $163.13 on Thursday. D.R. Horton, Inc. has a 52 week low of $125.28 and a 52 week 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's fifty day moving average is $180.93 and its 200-day moving average is $167.30. The company has a market capitalization of $53.15 billion, a PE ratio of 11.36, a P/E/G ratio of 0.58 and a beta of 1.74.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its 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). 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 quarter in the prior year, the firm posted $4.45 EPS. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. Equities research analysts predict that D.R. Horton, Inc. will post 14.54 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton's payout ratio is currently 11.14%.

D.R. Horton Company 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.