City Holding Co. Takes Position in D.R. Horton, Inc. (NYSE:DHI)

City Holding Co. purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,485 shares of the construction company’s stock, valued at approximately $1,326,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in D.R. Horton by 5.2% during the 2nd quarter. Brighton Jones LLC now owns 2,227 shares of the construction company’s stock worth $314,000 after purchasing an additional 111 shares during the period. AE Wealth Management LLC grew its holdings in shares of D.R. Horton by 42.1% during the second quarter. AE Wealth Management LLC now owns 5,274 shares of the construction company’s stock worth $743,000 after buying an additional 1,563 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in D.R. Horton by 0.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 59,990 shares of the construction company’s stock valued at $8,454,000 after acquiring an additional 400 shares during the period. Pacer Advisors Inc. raised its stake in D.R. Horton by 11.2% during the 2nd quarter. Pacer Advisors Inc. now owns 44,062 shares of the construction company’s stock valued at $6,210,000 after acquiring an additional 4,423 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in D.R. Horton by 8.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 428,601 shares of the construction company’s stock worth $60,403,000 after acquiring an additional 34,877 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Royal Bank of Canada reduced their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. BTIG Research dropped their price target 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. Citigroup cut their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, UBS Group decreased their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $176.20.

D.R. Horton Stock Up 0.8 %

Shares of NYSE:DHI opened at $147.83 on Monday. 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 company has a market capitalization of $47.43 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.51 and a beta of 1.75. D.R. Horton, Inc. has a 52-week low of $133.02 and a 52-week high of $199.85. The stock’s fifty day simple moving average is $151.85 and its 200-day simple moving average is $169.02.

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

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.40 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is currently 11.14%.

About D.R. Horton

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.