Alteri Wealth LLC Purchases Shares of 1,924 D.R. Horton, Inc. (NYSE:DHI)

Alteri Wealth LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,924 shares of the construction company’s stock, valued at approximately $269,000.

Several other large investors also recently made changes to their positions in the business. Aptus Capital Advisors LLC boosted its position in D.R. Horton by 3.2% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company’s stock worth $446,000 after purchasing an additional 98 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of D.R. Horton in the fourth quarter worth about $43,000. Rehmann Capital Advisory Group boosted its position in shares of D.R. Horton by 3.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 7,456 shares of the construction company’s stock worth $1,043,000 after buying an additional 278 shares during the period. Navigoe LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at about $144,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of D.R. Horton during the 4th quarter valued at about $257,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $127.23 on Friday. The business has a 50 day simple moving average of $125.66 and a 200 day simple moving average of $142.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm has a market capitalization of $39.08 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the previous year, the company posted $3.52 EPS. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, May 2nd. D.R. Horton’s dividend payout ratio is currently 12.11%.

Analyst Ratings Changes

DHI has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. StockNews.com lowered shares of D.R. Horton from a “hold” rating to a “sell” rating in a report on Thursday. Barclays cut their price target on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, April 21st. BTIG Research cut their target price on D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Finally, JPMorgan Chase & Co. reduced their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $151.15.

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.