Park National Corp OH Buys 17,441 Shares of D.R. Horton, Inc. (NYSE:DHI)

Park National Corp OH increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 212,815 shares of the construction company’s stock after purchasing an additional 17,441 shares during the quarter. D.R. Horton accounts for 1.1% of Park National Corp OH’s holdings, making the stock its 29th biggest holding. Park National Corp OH owned approximately 0.07% of D.R. Horton worth $29,756,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Coastline Trust Co bought a new position in D.R. Horton during the third quarter valued at $26,000. Rakuten Securities Inc. boosted its stake in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares during the period. Wolff Wiese Magana LLC grew its holdings 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 valued at $40,000 after purchasing an additional 196 shares during the last quarter. Grove Bank & Trust raised its position in 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 purchasing an additional 93 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in D.R. Horton in the third quarter worth about $47,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on DHI. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Royal Bank of Canada reduced their target price on 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. Bank of America boosted their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Barclays reaffirmed an “equal weight” rating and issued a $170.00 price target (down previously from $192.00) on shares of D.R. Horton in a research note on Wednesday, December 11th. Finally, Evercore ISI lowered their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $177.40.

D.R. Horton Stock Down 1.2 %

Shares of NYSE DHI opened at $137.73 on Wednesday. D.R. Horton, Inc. has a 12-month low of $133.02 and a 12-month high of $199.85. The stock’s fifty day simple moving average is $156.17 and its two-hundred day simple moving average is $168.87. The stock has a market capitalization of $44.19 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data 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 for 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%. D.R. Horton’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.45 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is 11.14%.

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.