Park Avenue Securities LLC Purchases 2,767 Shares of D.R. Horton, Inc. (NYSE:DHI)

Park Avenue Securities LLC raised its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,056 shares of the construction company's stock after purchasing an additional 2,767 shares during the quarter. Park Avenue Securities LLC's holdings in D.R. Horton were worth $3,923,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Fifth Third Wealth Advisors LLC raised its holdings in D.R. Horton by 3.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,246 shares of the construction company's stock worth $454,000 after acquiring an additional 107 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after purchasing an additional 165 shares in the last quarter. PSI Advisors LLC purchased a new position in shares of D.R. Horton in the fourth quarter worth $87,000. Czech National Bank lifted its holdings in shares of D.R. Horton by 5.8% during the fourth quarter. Czech National Bank now owns 63,230 shares of the construction company's stock valued at $8,841,000 after purchasing an additional 3,454 shares in the last quarter. Finally, Park National Corp OH boosted its position in shares of D.R. Horton by 8.9% during the fourth quarter. Park National Corp OH now owns 212,815 shares of the construction company's stock valued at $29,756,000 after buying an additional 17,441 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DHI has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. BTIG Research lowered their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. The Goldman Sachs Group decreased their target price on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating for the company in a research note on Tuesday. Barclays dropped their price target on D.R. Horton from $170.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Thursday. Finally, Evercore ISI reduced their price objective on 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and a consensus price target of $176.20.

D.R. Horton Stock Performance

NYSE DHI traded up $1.23 on Friday, reaching $147.83. 3,860,157 shares of the stock were exchanged, compared to its average volume of 3,285,623. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85. The company's 50-day simple moving average is $151.85 and its two-hundred day simple moving average is $168.56. The firm has a market capitalization of $47.43 billion, a PE ratio of 10.29, a PEG ratio of 0.51 and a beta of 1.75.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (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 business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the business posted $4.45 EPS. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. 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 11.14%.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.54% of the company's stock.

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.