12,928 Shares in D.R. Horton, Inc. (NYSE:DHI) Acquired by Passumpsic Savings Bank

Passumpsic Savings Bank bought a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,928 shares of the construction company's stock, valued at approximately $2,466,000. D.R. Horton makes up 1.6% of Passumpsic Savings Bank's portfolio, making the stock its 28th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diversified Trust Co increased its holdings in shares of D.R. Horton by 26.1% in the second quarter. Diversified Trust Co now owns 11,123 shares of the construction company's stock valued at $1,568,000 after purchasing an additional 2,300 shares during the last quarter. Great Valley Advisor Group Inc. grew its holdings in D.R. Horton by 27.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 16,717 shares of the construction company's stock valued at $2,356,000 after buying an additional 3,590 shares in the last quarter. ORG Partners LLC increased its position in D.R. Horton by 37,600.0% during the 2nd quarter. ORG Partners LLC now owns 377 shares of the construction company's stock worth $52,000 after buying an additional 376 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of D.R. Horton by 1.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,934 shares of the construction company's stock worth $2,668,000 after buying an additional 286 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in shares of D.R. Horton by 2.8% in the second quarter. Wedge Capital Management L L P NC now owns 279,079 shares of the construction company's stock valued at $39,331,000 after acquiring an additional 7,583 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.74% of the stock is owned by company insiders.

Analysts Set New Price Targets

DHI has been the subject of several analyst reports. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $220.00 to $190.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Barclays reiterated an "equal weight" rating and issued a $170.00 price target (down from $192.00) on shares of D.R. Horton in a research note on Wednesday. Wedbush upgraded 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. Royal Bank of Canada decreased their price target on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research report on Wednesday, October 30th. Finally, Raymond James cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $182.73.

D.R. Horton Price Performance

DHI stock traded down $3.30 during midday trading on Wednesday, reaching $153.70. 3,564,966 shares of the stock were exchanged, compared to its average volume of 2,504,608. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The company has a fifty day moving average price of $173.23 and a 200 day moving average price of $168.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The stock has a market capitalization of $49.36 billion, a PE ratio of 10.74, a P/E/G ratio of 0.58 and a beta of 1.71.

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 the consensus estimate of $4.17 by ($0.25). The firm 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 business's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.45 earnings per share. As a group, analysts expect that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.04%. This is an increase from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio (DPR) is presently 11.14%.

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.