Central Bank & Trust Co. Sells 1,967 Shares of D.R. Horton, Inc. (NYSE:DHI)

Central Bank & Trust Co. lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,579 shares of the construction company’s stock after selling 1,967 shares during the quarter. Central Bank & Trust Co.’s holdings in D.R. Horton were worth $6,978,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bfsg LLC boosted its position in shares of 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 purchasing an additional 74 shares in the last quarter. RiverPark Advisors LLC acquired a new stake in shares of D.R. Horton during the 1st quarter worth approximately $29,000. Signature Resources Capital Management LLC bought a new stake in shares of D.R. Horton in the 2nd quarter valued at $31,000. Wolff Wiese Magana LLC lifted its position in shares of 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 acquiring an additional 196 shares during the period. Finally, Grove Bank & Trust boosted 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 acquiring an additional 93 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DHI shares. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. BTIG Research cut their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Citigroup reduced their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Bank of America upped their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, 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 research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $185.87.

D.R. Horton Trading Up 1.8 %

NYSE:DHI opened at $170.74 on Tuesday. D.R. Horton, Inc. has a 52 week low of $116.22 and a 52 week high of $199.85. The firm has a 50-day moving average price of $186.10 and a two-hundred day moving average price of $165.76. 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 market cap of $55.63 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74.

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 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 business 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 business posted $4.45 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. On average, equities analysts expect that D.R. Horton, Inc. will post 15.64 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, November 12th. D.R. Horton’s payout ratio is presently 8.36%.

D.R. Horton announced that its board has initiated a share repurchase program on Thursday, July 18th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.