Advisors Asset Management Inc. Has $5.23 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Advisors Asset Management Inc. boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 17.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,416 shares of the construction company's stock after purchasing an additional 3,990 shares during the period. Advisors Asset Management Inc.'s holdings in D.R. Horton were worth $5,230,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bfsg LLC lifted its position 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 buying an additional 74 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $26,000. Signature Resources Capital Management LLC bought a new position in D.R. Horton in the 2nd quarter worth approximately $31,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% during the 3rd 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 boosted its position in D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock valued at $40,000 after buying an additional 196 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

Analyst Ratings Changes

DHI has been the topic of several research reports. BTIG Research cut their price target on D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a research note 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 on the stock in a research note on Thursday, October 31st. UBS Group dropped their price target on shares of D.R. Horton from $217.00 to $214.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Raymond James cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Finally, Evercore ISI dropped their target price on shares of 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and a consensus target price of $185.87.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the company's stock in a transaction that occurred on 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 SEC, which is accessible through this link. 1.74% of the stock is owned by corporate insiders.

D.R. Horton Stock Up 1.0 %

Shares of DHI stock traded up $1.67 on Friday, hitting $163.53. 2,647,480 shares of the stock were exchanged, compared to its average volume of 2,509,158. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $53.28 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 0.59 and a beta of 1.74. D.R. Horton, Inc. has a fifty-two week low of $125.28 and a fifty-two week high of $199.85. The business has a 50-day moving average of $180.39 and a 200 day moving average of $167.26.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company's revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $4.45 EPS. Equities analysts anticipate that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. This is an increase 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 dividend payout ratio is currently 11.14%.

About D.R. Horton

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.