Townsquare Capital LLC Has $1.47 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Townsquare Capital LLC boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 36.5% in the third quarter, HoldingsChannel.com reports. The firm owned 7,698 shares of the construction company’s stock after buying an additional 2,057 shares during the period. Townsquare Capital LLC’s holdings in D.R. Horton were worth $1,469,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DHI. KBC Group NV increased its stake in shares of D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after buying an additional 212,112 shares during the period. Legacy CG LLC acquired a new stake in D.R. Horton during the 3rd quarter valued at approximately $4,220,000. Schear Investment Advisers LLC acquired a new stake in D.R. Horton during the 3rd quarter valued at approximately $1,308,000. DNB Asset Management AS raised its holdings in D.R. Horton by 10.3% during the 2nd quarter. DNB Asset Management AS now owns 50,605 shares of the construction company’s stock worth $7,132,000 after purchasing an additional 4,723 shares during the last quarter. Finally, Rheos Capital Works Inc. lifted its position in shares of D.R. Horton by 84.4% in the 3rd quarter. Rheos Capital Works Inc. now owns 83,000 shares of the construction company’s stock worth $15,834,000 after purchasing an additional 38,000 shares during the period. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DHI shares. BTIG Research lowered their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays dropped their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company decreased their target price on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada dropped their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 30th. Finally, Bank of America raised their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $185.87.

D.R. Horton Stock Down 0.4 %

Shares of NYSE:DHI opened at $168.78 on Monday. The business’s 50 day moving average is $177.29 and its 200 day moving average is $168.28. D.R. Horton, Inc. has a 12-month low of $125.43 and a 12-month high of $199.85. The stock has a market cap of $54.21 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.61 and a beta of 1.74. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter last year, the firm posted $4.45 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 14.26 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. Shareholders of record on Tuesday, November 12th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 0.95%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is currently 11.14%.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.74% of the company’s stock.

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.