Prospera Financial Services Inc Has $254,000 Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Prospera Financial Services Inc lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 35.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,330 shares of the construction company’s stock after selling 736 shares during the period. Prospera Financial Services Inc’s holdings in D.R. Horton were worth $254,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. TCI Wealth Advisors Inc. lifted its holdings in shares of D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after purchasing an additional 58 shares during the period. Premier Path Wealth Partners LLC lifted its holdings in shares of D.R. Horton by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after purchasing an additional 59 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of D.R. Horton by 1.2% during the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock worth $739,000 after purchasing an additional 60 shares during the period. Whittier Trust Co. lifted its holdings in shares of D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after purchasing an additional 63 shares during the period. Finally, Values First Advisors Inc. lifted its holdings in shares of D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock worth $1,251,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were 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 the SEC website. 1.74% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Evercore ISI dropped their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a report on Tuesday, October 15th. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. UBS Group dropped their target price on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Barclays dropped their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $185.87.

D.R. Horton Trading Up 5.8 %

NYSE:DHI opened at $172.97 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The firm has a 50-day moving average of $179.34 and a 200-day moving average of $167.76. The company has a market cap of $55.55 billion, a PE ratio of 12.05, a PEG ratio of 0.59 and a beta of 1.74. D.R. Horton, Inc. has a one year low of $125.28 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.45 earnings per share. As a group, equities research analysts expect that D.R. Horton, Inc. will post 14.4 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. D.R. Horton’s payout ratio is presently 11.14%.

About D.R. Horton

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.