Prime Capital Investment Advisors LLC Purchases 379 Shares of D.R. Horton, Inc. (NYSE:DHI)

Prime Capital Investment Advisors LLC grew its position in D.R. Horton, Inc. (NYSE:DHI) by 6.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,105 shares of the construction company’s stock after acquiring an additional 379 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in D.R. Horton were worth $1,165,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Bfsg LLC lifted its position in D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares during the period. Signature Resources Capital Management LLC bought a new position in shares of D.R. Horton during the 2nd quarter worth about $31,000. Rakuten Securities Inc. boosted its position in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after acquiring an additional 117 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in 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 during the period. Finally, Grove Bank & Trust lifted its stake in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the topic of several analyst reports. Citigroup lowered their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Barclays dropped their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on shares of D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a report on Tuesday, October 15th. Finally, BTIG Research decreased their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned 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 a consensus price target of $185.87.

D.R. Horton Price Performance

D.R. Horton stock opened at $163.81 on Friday. The stock has a market cap of $53.38 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 0.57 and a beta of 1.74. D.R. Horton, Inc. has a 12-month low of $125.28 and a 12-month high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The business’s 50-day simple moving average is $183.29 and its 200 day simple moving average is $166.68.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results 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 return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the firm earned $4.45 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, research analysts anticipate that D.R. Horton, Inc. will post 14.92 earnings per share for the current year.

D.R. Horton declared that its Board of Directors has initiated a share buyback program on Thursday, July 18th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 6.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be given a $0.40 dividend. 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 dividend yield of 0.98%. The ex-dividend date is Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

D.R. Horton 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.