Wilmington Savings Fund Society FSB Takes Position in D.R. Horton, Inc. (NYSE:DHI)

Wilmington Savings Fund Society FSB bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,371 shares of the construction company's stock, valued at approximately $1,025,000.

A number of other hedge funds have also made changes to their positions in DHI. Coastline Trust Co purchased a new position in shares of D.R. Horton during the third quarter worth $26,000. Rakuten Securities Inc. raised its stake in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after acquiring an additional 117 shares during the last quarter. Bfsg LLC raised its stake 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 last quarter. Wolff Wiese Magana LLC increased its position 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 during the period. Finally, Grove Bank & Trust grew its holdings in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock worth $41,000 after acquiring an additional 93 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Price Performance

D.R. Horton stock traded down $1.34 during trading hours on Friday, hitting $149.87. 4,895,541 shares of the stock were exchanged, compared to its average volume of 2,513,076. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The stock has a market capitalization of $48.13 billion, a P/E ratio of 10.44, a P/E/G ratio of 0.57 and a beta of 1.71. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85. The business's 50-day moving average is $171.02 and its two-hundred day moving average is $168.96.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the company earned $4.45 earnings per share. The company's quarterly revenue was down 4.7% on a year-over-year basis. Equities research analysts expect that D.R. Horton, Inc. will post 14.17 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.40 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. 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%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company'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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.74% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DHI. Wells Fargo & Company lowered their target price on D.R. Horton from $220.00 to $190.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Evercore ISI lowered their target price on 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. BTIG Research decreased their price target on 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. Barclays reaffirmed an "equal weight" rating and set a $170.00 price target (down previously from $192.00) on shares of D.R. Horton in a report on Wednesday. Finally, Royal Bank of Canada decreased 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 report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $180.60.

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.