D.R. Horton, Inc. $DHI Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 23.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 21,000 shares of the construction company’s stock after purchasing an additional 4,000 shares during the quarter. Gabelli Funds LLC’s holdings in D.R. Horton were worth $3,559,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Concord Wealth Partners acquired a new stake in shares of D.R. Horton in the third quarter valued at $25,000. Canton Hathaway LLC acquired a new position in D.R. Horton during the third quarter worth about $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in D.R. Horton during the third quarter worth about $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in D.R. Horton in the second quarter worth about $29,000. Finally, Westfuller Advisors LLC acquired a new stake in D.R. Horton in the 3rd quarter valued at about $34,000. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup lowered their price objective on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Evercore raised their target price on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. UBS Group set a $163.00 price target on shares of D.R. Horton in a research report on Tuesday, January 27th. Finally, Bank of America set a $158.00 price objective on D.R. Horton in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton has an average rating of “Hold” and an average target price of $159.93.

D.R. Horton Price Performance

NYSE DHI opened at $145.27 on Wednesday. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company has a market cap of $42.09 billion, a PE ratio of 13.19, a PEG ratio of 2.28 and a beta of 1.43. The stock’s 50-day moving average price is $155.15 and its two-hundred day moving average price is $156.97.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.98 by $0.05. The company had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period last year, the company posted $2.61 earnings per share. On average, analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.66% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.