City Holding Co. Takes $1.33 Million Position in D.R. Horton, Inc. (NYSE:DHI)

City Holding Co. bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,485 shares of the construction company's stock, valued at approximately $1,326,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in D.R. Horton by 5.2% in the 2nd quarter. Brighton Jones LLC now owns 2,227 shares of the construction company's stock valued at $314,000 after purchasing an additional 111 shares in the last quarter. AE Wealth Management LLC increased its position in shares of D.R. Horton by 42.1% in the second quarter. AE Wealth Management LLC now owns 5,274 shares of the construction company's stock valued at $743,000 after buying an additional 1,563 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of D.R. Horton by 0.7% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 59,990 shares of the construction company's stock worth $8,454,000 after buying an additional 400 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of D.R. Horton by 11.2% in the 2nd quarter. Pacer Advisors Inc. now owns 44,062 shares of the construction company's stock worth $6,210,000 after buying an additional 4,423 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in D.R. Horton by 8.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 428,601 shares of the construction company's stock valued at $60,403,000 after acquiring an additional 34,877 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Up 0.8 %

Shares of DHI stock traded up $1.23 on Monday, reaching $147.83. 3,860,157 shares of the stock were exchanged, compared to its average volume of 2,746,466. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85. The stock has a market cap of $47.43 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.51 and a beta of 1.75. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $151.85 and a two-hundred day moving average of $169.02.

D.R. Horton (NYSE:DHI - Get Free Report) last announced 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 company had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same quarter in the previous year, the business posted $4.45 earnings per share. The business's quarterly revenue was down 4.7% compared to the same quarter last year. On average, research analysts anticipate that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently announced 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 is a boost from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Tuesday, November 12th. D.R. Horton's dividend payout ratio is 11.14%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on DHI shares. StockNews.com raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Friday. Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. cut D.R. Horton from a "neutral" rating to an "underweight" rating and cut their price target for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Keefe, Bruyette & Woods lowered D.R. Horton from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, Evercore ISI cut 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 note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and an average price target of $176.20.

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.