Sheaff Brock Investment Advisors LLC Raises Stake in D.R. Horton, Inc. (NYSE:DHI)

Sheaff Brock Investment Advisors LLC raised its position in D.R. Horton, Inc. (NYSE:DHI) by 110.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,858 shares of the construction company’s stock after acquiring an additional 3,599 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in D.R. Horton were worth $1,308,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DHI. Legacy CG LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $4,220,000. Bessemer Group Inc. lifted its position in shares of D.R. Horton by 107.6% during the 1st quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock worth $2,444,000 after buying an additional 7,699 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of D.R. Horton by 92.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 415,968 shares of the construction company’s stock worth $68,448,000 after buying an additional 199,668 shares during the last quarter. DNB Asset Management AS lifted its position in shares of D.R. Horton by 10.3% during the 2nd quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock worth $7,132,000 after buying an additional 4,723 shares during the last quarter. Finally, Atria Investments Inc lifted its position in shares of D.R. Horton by 36.1% during the 1st quarter. Atria Investments Inc now owns 61,729 shares of the construction company’s stock worth $10,157,000 after buying an additional 16,386 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $161.61 on Friday. 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 $52.66 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.56 and a beta of 1.74. The company’s fifty day moving average is $182.40 and its two-hundred day moving average is $166.77. D.R. Horton, Inc. has a 1 year low of $125.28 and a 1 year 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). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the company earned $4.45 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, sell-side analysts predict that D.R. Horton, Inc. will post 14.92 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is 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 0.99%. D.R. Horton’s dividend payout ratio is 11.14%.

Analyst Ratings Changes

Several brokerages have recently weighed in on DHI. BTIG Research reduced their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. UBS Group cut their target price 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. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Bank of America lifted their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $185.87.

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.