Klein Pavlis & Peasley Financial Inc. Purchases New Shares in D.R. Horton, Inc. $DHI

Klein Pavlis & Peasley Financial Inc. bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,210 shares of the construction company’s stock, valued at approximately $713,000.

A number of other institutional investors have also made changes to their positions in the business. Canton Hathaway LLC bought a new stake in D.R. Horton during the 3rd quarter worth about $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of D.R. Horton during the third quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of D.R. Horton during the second quarter valued at approximately $29,000. Hantz Financial Services Inc. increased its holdings in shares of D.R. Horton by 1,678.9% in the second quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock valued at $44,000 after purchasing an additional 319 shares in the last quarter. Finally, Adirondack Trust Co. raised its position in D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock worth $52,000 after purchasing an additional 141 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Price Performance

Shares of DHI opened at $156.02 on Friday. The stock has a market cap of $45.42 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 1.93 and a beta of 1.42. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The stock’s 50-day moving average price is $150.16 and its two-hundred day moving average price is $154.38. 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 (NYSE:DHI) last announced its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $9.44 billion. During the same period last year, the company earned $3.92 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts predict 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. Shareholders of record on Thursday, November 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 13th. D.R. Horton’s dividend payout ratio (DPR) is 15.53%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Keefe, Bruyette & Woods decreased their price objective on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 29th. UBS Group cut their price target on D.R. Horton from $195.00 to $191.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th. Barclays lifted their price objective on D.R. Horton from $110.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Wells Fargo & Company restated an “equal weight” rating and set a $155.00 target price (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Finally, Evercore ISI set a $169.00 target price on shares of D.R. Horton and gave the company an “in-line” rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $161.62.

About D.R. Horton

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.