World Investment Advisors LLC Invests $21.34 Million in D.R. Horton, Inc. (NYSE:DHI)

World Investment Advisors LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 111,861 shares of the construction company's stock, valued at approximately $21,340,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Czech National Bank raised its position in shares of D.R. Horton by 7.5% in the second quarter. Czech National Bank now owns 56,479 shares of the construction company's stock valued at $7,960,000 after purchasing an additional 3,934 shares during the period. Park National Corp OH increased its position in D.R. Horton by 7.0% during the second quarter. Park National Corp OH now owns 222,167 shares of the construction company's stock worth $31,310,000 after acquiring an additional 14,589 shares during the period. Sequoia Financial Advisors LLC increased its position in D.R. Horton by 18.4% during the second quarter. Sequoia Financial Advisors LLC now owns 67,820 shares of the construction company's stock worth $9,558,000 after acquiring an additional 10,553 shares during the period. Baxter Bros Inc. increased its position in D.R. Horton by 2.3% during the second quarter. Baxter Bros Inc. now owns 14,681 shares of the construction company's stock worth $2,073,000 after acquiring an additional 333 shares during the period. Finally, Bank Pictet & Cie Asia Ltd. increased its position in D.R. Horton by 278.7% during the second quarter. Bank Pictet & Cie Asia Ltd. now owns 9,724 shares of the construction company's stock worth $1,370,000 after acquiring an additional 7,156 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was 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 hyperlink. 1.74% of the stock is currently owned by company insiders.

D.R. Horton Trading Down 0.7 %

NYSE:DHI traded down $1.17 on Friday, hitting $158.51. 2,265,463 shares of the stock were exchanged, compared to its average volume of 2,181,553. The stock has a market capitalization of $50.91 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 0.59 and a beta of 1.71. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. 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 company's 50-day moving average price is $174.54 and its 200 day moving average price is $168.76.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business's revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $4.45 earnings per share. On average, equities research analysts forecast 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. Stockholders of record on Tuesday, November 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. D.R. Horton's dividend payout ratio is 11.14%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group lowered their price target on shares of D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Evercore ISI reduced their target price on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Citigroup reduced their target price on shares of D.R. Horton from $186.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. 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 on the stock in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and an average 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.