D.R. Horton, Inc. $DHI Shares Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC grew its holdings in D.R. Horton, Inc. (NYSE:DHIFree Report) by 88.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,688 shares of the construction company’s stock after purchasing an additional 12,027 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in D.R. Horton were worth $3,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital World Investors increased its holdings in shares of D.R. Horton by 159.8% in the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after purchasing an additional 18,607,545 shares during the last quarter. Norges Bank purchased a new position in D.R. Horton during the fourth quarter worth approximately $649,305,000. Capital International Investors acquired a new position in D.R. Horton during the third quarter worth $395,179,000. Boston Partners acquired a new position in D.R. Horton during the third quarter worth $274,784,000. Finally, Viking Global Investors LP grew its holdings in D.R. Horton by 108.3% in the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after buying an additional 1,469,978 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

DHI stock opened at $158.45 on Friday. The business has a fifty day moving average of $150.94 and a two-hundred day moving average of $150.25. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The stock has a market cap of $44.93 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.36. D.R. Horton, Inc. has a 52-week low of $129.11 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHIGet Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. The business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.58 EPS. As a group, research analysts anticipate that D.R. Horton, Inc. will post 10.61 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s payout ratio is 16.87%.

Analyst Ratings Changes

A number of analysts have issued reports on DHI shares. The Goldman Sachs Group raised their target price on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Barclays upped their price objective on shares of D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Wells Fargo & Company lifted their target price on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $168.54.

View Our Latest Research Report on D.R. Horton

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.

See Also

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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