Catalyst Capital Advisors LLC Purchases Shares of 363 D.R. Horton, Inc. (NYSE:DHI)

Catalyst Capital Advisors LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 363 shares of the construction company’s stock, valued at approximately $51,000.

A number of other institutional investors have also made changes to their positions in DHI. Mountaineer Partners Management LLC acquired a new stake in shares of D.R. Horton during the third quarter valued at about $1,853,178,000. FMR LLC boosted its stake in shares of D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in shares of D.R. Horton in the third quarter valued at approximately $72,672,000. Nordea Investment Management AB boosted its stake in shares of D.R. Horton by 112.7% in the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after purchasing an additional 215,947 shares during the period. Finally, KBC Group NV boosted its stake in shares of 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 during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DHI has been the subject of several recent research reports. Wedbush reissued a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Evercore ISI lowered their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Royal Bank of Canada reissued an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Barclays decreased their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $170.93.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

D.R. Horton Stock Down 0.7 %

Shares of NYSE:DHI opened at $129.71 on Wednesday. The company has a market capitalization of $40.87 billion, a PE ratio of 9.17, a P/E/G ratio of 0.58 and a beta of 1.76. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a twelve month low of $125.84 and a twelve month high of $199.85. The firm has a 50 day simple moving average of $140.95 and a 200-day simple moving average of $165.57.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.82 EPS. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. D.R. Horton’s payout ratio is 11.31%.

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.