Tulsa Wealth Advisors INC Invests $537,000 in D.R. Horton, Inc. $DHI

Tulsa Wealth Advisors INC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,727 shares of the construction company’s stock, valued at approximately $537,000.

A number of other large investors have also recently bought and sold shares of DHI. Core Wealth Advisors LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at approximately $25,000. Sound Income Strategies LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth approximately $27,000. Elevated Capital Advisors LLC bought a new position in D.R. Horton in the fourth quarter valued at approximately $27,000. Wilkerson Advisory Group LLC bought a new position in D.R. Horton in the fourth quarter valued at approximately $30,000. Finally, Ameriflex Group Inc. acquired a new position in D.R. Horton during the third quarter valued at approximately $31,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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D.R. Horton Stock Performance

NYSE DHI opened at $157.69 on Friday. The firm’s fifty day moving average price is $148.46 and its two-hundred day moving average price is $149.93. The stock has a market cap of $44.72 billion, a PE ratio of 14.78, a PEG ratio of 2.21 and a beta of 1.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. D.R. Horton, Inc. has a fifty-two week low of $121.38 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.D.R. Horton’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $2.58 EPS. On average, equities analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

Analyst Ratings Changes

DHI has been the subject of several recent analyst reports. UBS Group upped their target price on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada boosted their price target on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Citigroup upped their price objective on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Truist Financial raised their price objective on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company lifted their target price on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $168.54.

Read Our Latest Research Report on DHI

About D.R. Horton

(Free Report)

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

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