Ironwood Investment Counsel LLC Purchases New Stake in D.R. Horton, Inc. (NYSE:DHI)

Ironwood Investment Counsel LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,070 shares of the construction company’s stock, valued at approximately $204,000.

Other institutional investors have also recently bought and sold shares of the company. TCI Wealth Advisors Inc. lifted its holdings in shares of D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after buying an additional 58 shares in the last quarter. Premier Path Wealth Partners LLC boosted its holdings in D.R. Horton by 1.0% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after purchasing an additional 59 shares during the period. Coldstream Capital Management Inc. grew its position in shares of D.R. Horton by 1.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after purchasing an additional 60 shares in the last quarter. Whittier Trust Co. raised its position in shares of D.R. Horton by 1.7% in the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after buying an additional 63 shares in the last quarter. Finally, Values First Advisors Inc. raised its holdings in shares of D.R. Horton by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $168.78 on Friday. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $177.29 and its two-hundred day simple moving average is $168.21. The firm has a market cap of $54.21 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. D.R. Horton, Inc. has a 12-month low of $125.43 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data 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). The business had revenue of $10 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.45 EPS. As a group, equities analysts expect that D.R. Horton, Inc. will post 14.4 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Analyst Ratings Changes

A number of research firms have commented on DHI. Evercore ISI cut their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Barclays cut their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada dropped their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $185.87.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.