Atria Investments Inc Buys 3,544 Shares of D.R. Horton, Inc. (NYSE:DHI)

Atria Investments Inc increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,847 shares of the construction company's stock after purchasing an additional 3,544 shares during the period. Atria Investments Inc's holdings in D.R. Horton were worth $11,226,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bfsg LLC increased its stake in D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company's stock valued at $25,000 after buying an additional 74 shares during the period. Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton during the 2nd quarter worth $31,000. Wolff Wiese Magana LLC grew its stake in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock worth $40,000 after purchasing an additional 196 shares during the period. Grove Bank & Trust grew its stake in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock worth $41,000 after purchasing an additional 93 shares during the period. Finally, Hobbs Group Advisors LLC acquired a new position in shares of D.R. Horton during the 2nd quarter worth $42,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Down 0.8 %

NYSE:DHI traded down $1.33 during mid-day trading on Monday, reaching $167.46. The stock had a trading volume of 1,575,545 shares, compared to its average volume of 2,513,597. The business's 50 day moving average is $184.62 and its 200 day moving average is $166.44. D.R. Horton, Inc. has a fifty-two week low of $121.16 and a fifty-two week high of $199.85. The stock has a market cap of $54.56 billion, a P/E ratio of 11.66, a PEG ratio of 0.57 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.45 EPS. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 15.01 earnings per share for the current year.

D.R. Horton declared that its board has initiated a stock repurchase plan on Thursday, July 18th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. D.R. Horton's dividend payout ratio (DPR) is 11.14%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DHI shares. Evercore ISI reduced their target price on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their target price on D.R. Horton from $178.00 to $208.00 and gave the company an "outperform" rating in a research note on Tuesday, July 23rd. Wedbush upgraded shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 15th. JPMorgan Chase & Co. increased 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 report on Monday, November 4th. Finally, Bank of America boosted their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. 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 stock. According to MarketBeat, D.R. Horton presently 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.