D.R. Horton, Inc. $DHI Shares Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 128.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,199 shares of the construction company’s stock after purchasing an additional 6,853 shares during the quarter. Rakuten Securities Inc.’s holdings in D.R. Horton were worth $2,067,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DHI. Hemington Wealth Management raised its holdings in shares of D.R. Horton by 22.1% during the 3rd quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock worth $59,000 after acquiring an additional 64 shares during the period. Apella Capital LLC raised its stake in D.R. Horton by 0.8% during the third quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 69 shares during the period. Twin Capital Management Inc. boosted its holdings in D.R. Horton by 0.3% in the 2nd quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock valued at $3,008,000 after purchasing an additional 78 shares during the last quarter. Mutual Advisors LLC grew its stake in shares of D.R. Horton by 4.8% in the 2nd quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock valued at $225,000 after buying an additional 80 shares during the period. Finally, Franchise Capital Ltd increased its holdings in shares of D.R. Horton by 15.7% during the 2nd quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock worth $81,000 after buying an additional 85 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a report on Tuesday. UBS Group dropped their price target on shares of D.R. Horton from $195.00 to $191.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Evercore ISI set a $169.00 target price on shares of D.R. Horton and gave the company an “in-line” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods decreased their price target on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $161.62.

D.R. Horton Trading Down 1.0%

DHI opened at $159.30 on Thursday. The business has a fifty day moving average price of $149.61 and a 200 day moving average price of $154.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.48 and a quick ratio of 1.18. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The stock has a market capitalization of $46.37 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.92 and a beta of 1.42.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.25). D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The company had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.44 billion. During the same quarter in the previous year, the business posted $3.92 EPS. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were issued a dividend of $0.45 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 13th. This represents a $1.80 annualized dividend and a yield of 1.1%. D.R. Horton’s dividend payout ratio (DPR) is presently 15.53%.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.