Sanibel Captiva Trust Company Inc. Buys 991 Shares of D.R. Horton, Inc. (NYSE:DHI)

Sanibel Captiva Trust Company Inc. boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 15.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,341 shares of the construction company’s stock after acquiring an additional 991 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in D.R. Horton were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Coastline Trust Co purchased a new stake in shares of D.R. Horton in the third quarter worth $26,000. Rakuten Securities Inc. increased its stake in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after acquiring an additional 165 shares during the period. Wolff Wiese Magana LLC lifted its position in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares in the last quarter. Finally, Grove Bank & Trust boosted its stake in shares of D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on DHI shares. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Citigroup reduced their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Barclays cut their target price on shares of D.R. Horton from $170.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Royal Bank of Canada decreased their price target on shares of 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $176.20.

D.R. Horton Trading Up 0.8 %

Shares of DHI stock opened at $147.83 on Friday. The company has a market cap of $47.43 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.51 and a beta of 1.75. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The stock’s 50 day simple moving average is $151.85 and its two-hundred day simple moving average is $168.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the business earned $4.45 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Research analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current 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 issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.08%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 11.14%.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was 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 accessible through this link. 0.54% of the stock is owned by insiders.

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.