Vest Financial LLC Acquires 93,706 Shares of D.R. Horton, Inc. (NYSE:DHI)

Vest Financial LLC lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 67.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 233,188 shares of the construction company's stock after purchasing an additional 93,706 shares during the period. Vest Financial LLC owned about 0.07% of D.R. Horton worth $32,604,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Coastline Trust Co bought a new stake in D.R. Horton during the third quarter worth $26,000. Golden State Wealth Management LLC bought a new position in shares of D.R. Horton during the 4th quarter worth $30,000. Rakuten Securities Inc. grew 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 period. Rosenberg Matthew Hamilton lifted its holdings in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after purchasing an additional 165 shares in the last quarter. Finally, Wolff Wiese Magana LLC lifted its holdings in D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock worth $40,000 after purchasing an additional 196 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

DHI stock traded down $2.83 during trading on Wednesday, hitting $127.77. The stock had a trading volume of 4,368,229 shares, compared to its average volume of 3,718,229. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a twelve month low of $125.84 and a twelve month high of $199.85. The stock has a market capitalization of $40.26 billion, a P/E ratio of 9.03, a PEG ratio of 0.58 and a beta of 1.76. The company's 50-day moving average price is $143.40 and its two-hundred day moving average price is $166.97.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 EPS. As a group, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Evercore ISI reduced their price target on D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lowered D.R. Horton from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Royal Bank of Canada reiterated an "underperform" rating and issued a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, Bank of America cut D.R. Horton from a "buy" rating to a "neutral" rating and lowered their target price for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and an average price target of $170.93.

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.