Brooklyn Investment Group Has $642,000 Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Brooklyn Investment Group increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,365 shares of the construction company’s stock after purchasing an additional 249 shares during the period. Brooklyn Investment Group’s holdings in D.R. Horton were worth $642,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. KBC Group NV increased its stake in D.R. Horton by 360.0% in the third 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 bought a new position in shares of D.R. Horton in the 3rd quarter worth $4,220,000. DNB Asset Management AS grew its position in D.R. Horton by 10.3% in the 2nd quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock valued at $7,132,000 after purchasing an additional 4,723 shares during the period. Schear Investment Advisers LLC acquired a new position in shares of D.R. Horton during the third quarter valued at about $1,308,000. Finally, Atria Investments Inc increased its position in shares of D.R. Horton by 36.1% during the first quarter. Atria Investments Inc now owns 61,729 shares of the construction company’s stock worth $10,157,000 after acquiring an additional 16,386 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the subject of several analyst reports. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. BTIG Research lowered their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Barclays cut their price target on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. UBS Group decreased their price objective on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Evercore ISI dropped their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Stock Performance

Shares of DHI stock opened at $171.17 on Tuesday. D.R. Horton, Inc. has a 12 month low of $125.28 and a 12 month high of $199.85. The stock has a market capitalization of $54.97 billion, a P/E ratio of 12.05, a PEG ratio of 0.59 and a beta of 1.74. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $179.34 and its 200 day moving average is $167.76.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.45 EPS. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.4 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend 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 presently 11.14%.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were 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 SEC, which is available at the SEC website. Company insiders own 1.74% of the company’s stock.

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.