Oak Thistle LLC Buys 6,594 Shares of D.R. Horton, Inc. $DHI

Oak Thistle LLC grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 88.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,082 shares of the construction company’s stock after buying an additional 6,594 shares during the period. Oak Thistle LLC’s holdings in D.R. Horton were worth $2,386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. New England Research & Management Inc. purchased a new stake in shares of D.R. Horton in the third quarter worth about $1,453,000. Central Pacific Bank Trust Division bought a new stake in D.R. Horton during the 3rd quarter worth approximately $1,066,000. GAMMA Investing LLC increased its holdings in D.R. Horton by 20.6% during the 3rd quarter. GAMMA Investing LLC now owns 11,725 shares of the construction company’s stock worth $1,987,000 after acquiring an additional 2,003 shares during the period. Capital Asset Advisory Services LLC bought a new position in D.R. Horton in the 3rd quarter valued at $243,000. Finally, Corient Private Wealth LLC grew its position in shares of D.R. Horton by 2.4% during the 2nd quarter. Corient Private Wealth LLC now owns 118,324 shares of the construction company’s stock valued at $15,254,000 after purchasing an additional 2,753 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DHI shares. Wells Fargo & Company dropped their price objective on D.R. Horton from $190.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Evercore ISI set a $169.00 price target on D.R. Horton and gave the company an “in-line” rating in a report on Tuesday, October 7th. Bank of America cut their price objective on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of D.R. Horton in a research report on Monday, December 8th. Finally, BTIG Research initiated coverage on shares of D.R. Horton in a research report on Monday, December 1st. They set a “buy” rating and a $186.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $161.08.

D.R. Horton Stock Down 0.8%

Shares of D.R. Horton stock opened at $155.15 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The company’s 50 day moving average price is $151.53 and its 200-day moving average price is $150.73. The stock has a market capitalization of $45.17 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 1.86 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.25). The business had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.92 earnings per share. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s payout ratio is currently 15.53%.

D.R. Horton Company 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.