Fiduciary Trust Co Purchases 7,708 Shares of D.R. Horton, Inc. (NYSE:DHI)

Fiduciary Trust Co boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 207.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 11,424 shares of the construction company’s stock after acquiring an additional 7,708 shares during the period. Fiduciary Trust Co’s holdings in D.R. Horton were worth $2,179,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. TCI Wealth Advisors Inc. grew its stake in shares of D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after buying an additional 58 shares in the last quarter. Premier Path Wealth Partners LLC grew its position in D.R. Horton by 1.0% in the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after acquiring an additional 59 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in D.R. Horton by 1.2% during the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock worth $739,000 after acquiring an additional 60 shares during the last quarter. Whittier Trust Co. raised its position in D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after purchasing an additional 63 shares during the period. Finally, Values First Advisors Inc. lifted its stake in shares of D.R. Horton by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI stock opened at $168.90 on Friday. D.R. Horton, Inc. has a one year low of $125.43 and a one year high of $199.85. The firm has a market cap of $54.25 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.62 and a beta of 1.74. 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 firm has a 50-day simple moving average of $177.29 and a two-hundred day simple moving average of $168.07.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the previous year, the company earned $4.45 EPS. The company’s revenue was down 4.7% on a year-over-year basis. On average, equities analysts forecast that D.R. Horton, Inc. will post 14.4 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is currently 11.14%.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is accessible through the SEC website. 1.74% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Evercore ISI decreased 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. UBS Group reduced 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 research note on Wednesday, October 30th. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Barclays reduced their price objective on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Finally, Wells Fargo & Company dropped their target price on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.