Virtu Financial LLC Makes New $2.94 Million Investment in D.R. Horton, Inc. (NYSE:DHI)

Virtu Financial LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,422 shares of the construction company's stock, valued at approximately $2,942,000.

Several other large investors also recently made changes to their positions in DHI. Bfsg LLC raised its stake in shares of D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company's stock valued at $25,000 after purchasing an additional 74 shares in the last quarter. Coastline Trust Co bought a new position in shares of D.R. Horton in the third quarter valued at approximately $26,000. Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton during the second quarter valued at approximately $31,000. Rakuten Securities Inc. raised its holdings in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after purchasing an additional 117 shares in the last quarter. Finally, Wolff Wiese Magana LLC lifted its position 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. Institutional investors and hedge funds own 90.63% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays reissued an "equal weight" rating and issued a $170.00 price objective (down previously from $192.00) on shares of D.R. Horton in a research note on Wednesday. Wells Fargo & Company dropped their price target on shares of D.R. Horton from $220.00 to $190.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $200.00 to $183.00 in a research report on Tuesday. Bank of America boosted their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. Finally, Royal Bank of Canada reduced their target price on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating for the company in a report on Wednesday, October 30th. One investment 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, D.R. Horton presently has an average rating of "Hold" and a consensus price target of $182.73.

D.R. Horton Stock Down 1.3 %

NYSE:DHI traded down $2.03 on Thursday, hitting $151.65. 1,346,791 shares of the company's stock traded hands, compared to its average volume of 2,499,470. The company has a market cap of $48.71 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 0.58 and a beta of 1.71. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $172.49 and a 200-day moving average price of $168.86.

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 analysts' consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same period in the previous year, the firm posted $4.45 earnings per share. The business's revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton's dividend payout ratio (DPR) is currently 11.14%.

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 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.74% of the company's stock.

About D.R. Horton

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.