Dixon Mitchell Investment Counsel Inc. Has $54,000 Holdings in D.R. Horton, Inc. (NYSE:DHI)

Dixon Mitchell Investment Counsel Inc. raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 58.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 388 shares of the construction company’s stock after acquiring an additional 143 shares during the period. Dixon Mitchell Investment Counsel Inc.’s holdings in D.R. Horton were worth $54,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DHI. KBC Group NV increased its holdings in D.R. Horton by 360.0% during the 3rd 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 in the last quarter. Legacy CG LLC bought a new stake in shares of D.R. Horton during the third quarter worth $4,220,000. Toronto Dominion Bank increased its stake in shares of D.R. Horton by 17.3% in the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after buying an additional 15,460 shares in the last quarter. Pensionfund Sabic raised its holdings in shares of D.R. Horton by 70.2% in the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after buying an additional 4,000 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its position in D.R. Horton by 904.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after buying an additional 36,780 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group dropped their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Citigroup decreased their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Barclays reissued an “equal weight” rating and set a $170.00 price target (down from $192.00) on shares of D.R. Horton in a research note on Wednesday, December 11th. StockNews.com cut shares of D.R. Horton from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Finally, JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, D.R. Horton has an average rating of “Hold” and an average target price of $176.53.

D.R. Horton Stock Performance

NYSE:DHI opened at $145.40 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. D.R. Horton, Inc. has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The company has a market cap of $46.65 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.51 and a beta of 1.75. The stock has a fifty day moving average price of $153.12 and a 200-day moving average price of $168.80.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the company posted $4.45 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 14.03 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

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.