D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 98.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,266 shares of the construction company's stock after buying an additional 4,098 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in D.R. Horton were worth $1,577,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DHI. Coastline Trust Co purchased a new stake in shares of D.R. Horton in the third quarter valued at approximately $26,000. Rakuten Securities Inc. lifted its holdings in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after buying an additional 117 shares during the period. Bfsg LLC lifted its holdings in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company's stock worth $25,000 after buying an additional 74 shares during the period. Wolff Wiese Magana LLC lifted its holdings 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 worth $40,000 after buying an additional 196 shares during the period. Finally, Grove Bank & Trust lifted its holdings in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock worth $41,000 after buying an additional 93 shares during the period. Institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

Shares of NYSE:DHI traded down $3.30 during trading on Wednesday, reaching $153.70. 3,564,966 shares of the company's stock traded hands, compared to its average volume of 2,504,608. D.R. Horton, Inc. has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. 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 market cap of $49.36 billion, a PE ratio of 10.74, a P/E/G ratio of 0.58 and a beta of 1.71. The company has a 50-day simple moving average of $173.23 and a 200-day simple moving average of $168.97.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $10.22 billion. During the same quarter last year, the business earned $4.45 earnings per share. D.R. Horton's revenue was down 4.7% on a year-over-year basis. As a group, analysts predict that D.R. Horton, Inc. will post 14.26 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a $0.40 dividend. The ex-dividend date was 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 yield of 1.04%. D.R. Horton's dividend payout ratio (DPR) is currently 11.14%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm's stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through the SEC website. 1.74% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DHI shares. JPMorgan Chase & Co. upped their target price on D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Bank of America increased their price objective on D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Royal Bank of Canada decreased their price objective on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating for the company in a report on Wednesday, October 30th. 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 report on Tuesday. Finally, UBS Group decreased their price objective on D.R. Horton from $217.00 to $214.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $182.73.

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.