Avestar Capital LLC Takes $229,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Avestar Capital LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,201 shares of the construction company’s stock, valued at approximately $229,000.

A number of other large investors have also made changes to their positions in the stock. Bfsg LLC increased its holdings in D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after acquiring an additional 74 shares in the last quarter. Coastline Trust Co purchased a new position in shares of D.R. Horton during the 3rd quarter worth approximately $26,000. Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton during the 2nd quarter worth approximately $31,000. Rakuten Securities Inc. lifted 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 valued at $33,000 after buying an additional 117 shares in the last quarter. Finally, 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 buying an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated 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 document filed with the SEC, which can be accessed through this hyperlink. 1.74% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Barclays reduced their price objective on 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. 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. JPMorgan Chase & Co. upped their price objective on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Evercore ISI decreased their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Finally, UBS Group reduced their price target on 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, D.R. Horton has an average rating of “Hold” and an average price target of $185.87.

D.R. Horton Stock Up 0.4 %

Shares of D.R. Horton stock opened at $169.43 on Friday. The company has a fifty day moving average price of $177.75 and a 200 day moving average price of $167.91. 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, Inc. has a twelve month low of $125.28 and a twelve month high of $199.85. The stock has a market cap of $54.42 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 0.63 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate 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 company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same period last year, the business earned $4.45 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts forecast that D.R. Horton, Inc. will post 14.4 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a $0.40 dividend. The ex-dividend date was Tuesday, November 12th. 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 0.94%. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

D.R. Horton Company 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.