D.R. Horton, Inc. (NYSE:DHI) Stock Position Lifted by Everence Capital Management Inc.

Everence Capital Management Inc. lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 43.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,350 shares of the construction company’s stock after purchasing an additional 1,930 shares during the quarter. Everence Capital Management Inc.’s holdings in D.R. Horton were worth $888,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. KBC Group NV boosted its stake in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after purchasing an additional 212,112 shares in the last quarter. Legacy CG LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at $4,220,000. Toronto Dominion Bank boosted its stake in D.R. Horton by 17.3% during the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after buying an additional 15,460 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in D.R. Horton by 904.4% during the third quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after acquiring an additional 36,780 shares during the period. Finally, Schear Investment Advisers LLC bought a new stake in D.R. Horton in the third quarter worth about $1,308,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the subject of several research reports. Citigroup reduced their price objective on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a report on Tuesday, October 15th. BTIG Research dropped their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $179.60.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

Shares of DHI opened at $139.89 on Friday. The company has a market capitalization of $44.88 billion, a PE ratio of 9.74, a PEG ratio of 0.57 and a beta of 1.75. 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 $157.58 and its 200 day moving average price is $168.50. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results 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). The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company posted $4.45 earnings per share. 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. Investors of record on Tuesday, November 12th were paid a $0.40 dividend. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. D.R. Horton’s payout ratio is presently 11.14%.

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.