Sheaff Brock Investment Advisors LLC Buys 3,599 Shares of D.R. Horton, Inc. (NYSE:DHI)

Sheaff Brock Investment Advisors LLC raised its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 110.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,858 shares of the construction company's stock after buying an additional 3,599 shares during the quarter. Sheaff Brock Investment Advisors LLC's holdings in D.R. Horton were worth $1,308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of D.R. Horton by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company's stock worth $5,735,620,000 after acquiring an additional 2,474,262 shares during the period. Greenhaven Associates Inc. lifted its position in D.R. Horton by 2.3% during the second quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company's stock valued at $517,198,000 after buying an additional 81,900 shares during the period. Earnest Partners LLC increased its stake in shares of D.R. Horton by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company's stock worth $290,901,000 after acquiring an additional 9,137 shares in the last quarter. Principal Financial Group Inc. lifted its position in D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after acquiring an additional 120,892 shares during the period. Finally, National Pension Service boosted its stake in D.R. Horton by 6.0% during the third quarter. National Pension Service now owns 1,108,703 shares of the construction company's stock worth $211,507,000 after acquiring an additional 62,971 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Performance

DHI traded down $2.13 during midday trading on Friday, reaching $161.61. The company had a trading volume of 2,507,253 shares, compared to its average volume of 2,517,690. D.R. Horton, Inc. has a 1 year low of $125.28 and a 1 year 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 company has a market cap of $52.66 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.56 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 $166.77.

D.R. Horton (NYSE:DHI - Get Free Report) last released 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 return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.22 billion. The company's revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.45 earnings per share. As a group, equities research analysts predict that D.R. Horton, Inc. will post 14.92 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Evercore ISI decreased 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. Barclays lowered their price objective on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. UBS Group dropped their target price on D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada dropped their price target on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research note on Wednesday, October 30th. Finally, BTIG Research dropped their target price on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, D.R. Horton has a consensus rating of "Hold" and a consensus target price of $185.87.

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.