D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 111,397 shares of the construction company's stock after purchasing an additional 6,804 shares during the quarter. Stifel Financial Corp's holdings in D.R. Horton were worth $21,253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Coastline Trust Co purchased a new position in shares of D.R. Horton during the third quarter valued at approximately $26,000. Rakuten Securities Inc. lifted its stake in shares of 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 acquiring an additional 117 shares during the last quarter. Bfsg LLC boosted its holdings in D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company's stock valued at $25,000 after acquiring an additional 74 shares during the period. Wolff Wiese Magana LLC increased its stake in D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock worth $40,000 after purchasing an additional 196 shares during the period. Finally, Grove Bank & Trust lifted its position in shares of 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 purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Down 2.5 %

DHI traded down $3.96 during trading on Tuesday, hitting $157.00. The stock had a trading volume of 2,273,789 shares, compared to its average volume of 2,496,322. The stock has a 50 day simple moving average of $173.95 and a two-hundred day simple moving average of $168.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85. The company has a market capitalization of $50.42 billion, a PE ratio of 11.01, a PEG ratio of 0.58 and a beta of 1.71.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the business earned $4.45 EPS. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, research 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. Shareholders of record on Tuesday, November 12th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.02%. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio (DPR) is currently 11.14%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Royal Bank of Canada cut 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 report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on shares of D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. BTIG Research decreased their price target on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. UBS Group dropped their price objective on D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their target price on D.R. Horton from $220.00 to $190.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $184.20.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.74% of the company's stock.

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.