D.R. Horton, Inc. $DHI Shares Purchased by IFP Advisors Inc

IFP Advisors Inc boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 717.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,348 shares of the construction company’s stock after purchasing an additional 10,838 shares during the period. IFP Advisors Inc’s holdings in D.R. Horton were worth $2,093,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in DHI. Capital World Investors increased its holdings in shares of D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after buying an additional 18,607,545 shares during the last quarter. State Street Corp boosted its holdings in D.R. Horton by 0.7% in the second quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock valued at $1,629,067,000 after acquiring an additional 92,219 shares during the last quarter. Norges Bank purchased a new stake in D.R. Horton during the second quarter valued at about $494,278,000. Invesco Ltd. increased its stake in D.R. Horton by 18.1% during the third quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock worth $571,456,000 after acquiring an additional 517,752 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of D.R. Horton by 16.4% in the 2nd quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock worth $412,567,000 after purchasing an additional 450,362 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

DHI stock opened at $132.91 on Friday. The stock’s 50 day moving average is $154.10 and its two-hundred day moving average is $155.39. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The company has a market capitalization of $38.51 billion, a PE ratio of 12.07, a P/E/G ratio of 2.06 and a beta of 1.43. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. The company had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business’s revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.61 EPS. Analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

Analyst Ratings Changes

DHI has been the topic of several research analyst reports. Argus lifted their price objective on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 29th. UBS Group reaffirmed a “buy” rating on shares of D.R. Horton in a research report on Thursday, March 12th. Bank of America set a $158.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Finally, Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $159.93.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.66% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.