Valley National Advisers Inc. Boosts Stake in D.R. Horton, Inc. $DHI

Valley National Advisers Inc. raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 87,328.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,240 shares of the construction company’s stock after acquiring an additional 12,226 shares during the period. Valley National Advisers Inc.’s holdings in D.R. Horton were worth $2,073,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DHI. Twin Peaks Wealth Advisors LLC bought a new position in shares of D.R. Horton in the second quarter worth approximately $29,000. Bayforest Capital Ltd grew its stake in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after buying an additional 194 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of D.R. Horton by 1,678.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock worth $44,000 after buying an additional 319 shares during the last quarter. Ransom Advisory Ltd bought a new position in shares of D.R. Horton in the 1st quarter worth $51,000. Finally, Adirondack Trust Co. raised its position in shares of D.R. Horton by 53.2% during the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after buying an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DHI shares. Bank of America cut their target price on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Evercore ISI set a $169.00 price target on D.R. Horton and gave the stock an “in-line” rating in a research note on Tuesday, October 7th. BTIG Research started coverage on D.R. Horton in a research report on Monday, December 1st. They set a “buy” rating and a $186.00 price objective on the stock. Citigroup reissued a “market outperform” rating on shares of D.R. Horton in a report on Thursday, October 30th. Finally, Keefe, Bruyette & Woods dropped their target price on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, D.R. Horton has an average rating of “Hold” and an average price target of $161.08.

D.R. Horton Stock Down 0.2%

Shares of NYSE:DHI opened at $146.31 on Friday. The stock has a market capitalization of $42.59 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.74 and a beta of 1.38. The stock’s 50-day moving average price is $150.49 and its 200-day moving average price is $151.97. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54.

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

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a $0.45 dividend. 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 dividend yield of 1.2%. The ex-dividend date was Thursday, November 13th. D.R. Horton’s dividend payout ratio (DPR) is 15.53%.

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.