Schear Investment Advisers LLC Acquires Shares of 6,857 D.R. Horton, Inc. (NYSE:DHI)

Schear Investment Advisers LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,857 shares of the construction company's stock, valued at approximately $1,308,000.

Several other large investors have also recently bought and sold shares of DHI. Bfsg LLC grew its position 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 in the last quarter. Coastline Trust Co bought a new stake in shares of D.R. Horton in the 3rd quarter valued at about $26,000. Signature Resources Capital Management LLC acquired a new stake in shares of D.R. Horton in the second quarter valued at about $31,000. Rakuten Securities Inc. raised its holdings in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after purchasing an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its position 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 valued at $40,000 after acquiring an additional 196 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Down 1.3 %

Shares of DHI stock traded down $2.13 during trading hours on Friday, hitting $161.61. 2,507,253 shares of the company were exchanged, compared to its average volume of 3,317,291. The company has a market capitalization of $52.66 billion, a PE ratio of 11.25, a PEG ratio of 0.57 and a beta of 1.74. The business has a 50 day moving average of $182.40 and a two-hundred day moving average of $166.94. 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 52 week low of $125.28 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS 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 analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.45 earnings per share. Analysts anticipate that D.R. Horton, Inc. will post 14.54 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, November 12th. D.R. Horton's payout ratio is presently 11.14%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wedbush raised shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 target price for the company in a research report on Tuesday, October 15th. Citigroup lowered their target price on shares of D.R. Horton from $186.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada dropped their price target on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating for the company in a research note on Wednesday, October 30th. Barclays decreased their price objective on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Finally, UBS Group decreased their price objective on shares of 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 investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, D.R. Horton has a consensus rating of "Hold" and a consensus price target of $185.87.

D.R. Horton Company 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.