Pacer Advisors Inc. Acquires 13,993 Shares of D.R. Horton, Inc. (NYSE:DHI)

Pacer Advisors Inc. increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 64.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,747 shares of the construction company’s stock after purchasing an additional 13,993 shares during the quarter. Pacer Advisors Inc.’s holdings in D.R. Horton were worth $4,998,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of DHI. Coastline Trust Co acquired a new stake in shares of D.R. Horton during the third quarter worth $26,000. Rakuten Securities Inc. increased its holdings in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares during the period. Grove Bank & Trust lifted its holdings in shares of D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after purchasing an additional 93 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of D.R. Horton during the third quarter worth about $47,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Up 2.8 %

DHI stock opened at $145.94 on Friday. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85. The stock has a market cap of $46.82 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The company has a fifty day moving average price of $148.99 and a two-hundred day moving average price of $169.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. D.R. Horton’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.82 EPS. Equities analysts anticipate that D.R. Horton, Inc. will post 13.87 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.10%. D.R. Horton’s payout ratio is currently 11.31%.

Analysts Set New Price Targets

Several research firms have commented on DHI. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and cut their target price for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $160.00 to $150.00 in a report on Monday. JMP Securities reissued a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. The Goldman Sachs Group decreased their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $170.20.

Insider Activity 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

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.