Main Street Research LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,808 shares of the construction company’s stock, valued at approximately $523,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new position in D.R. Horton in the fourth quarter valued at approximately $25,000. Osbon Capital Management LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth approximately $26,000. 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 stake in shares of D.R. Horton in the 4th quarter worth approximately $27,000. Finally, Wilkerson Advisory Group LLC acquired a new position in D.R. Horton during the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 90.63% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. The Goldman Sachs Group increased their target price on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada boosted their price target on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Weiss Ratings lowered shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Finally, Barclays boosted their target price on shares of D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $168.54.
D.R. Horton Price Performance
Shares of NYSE DHI opened at $149.61 on Friday. The stock has a market cap of $42.43 billion, a P/E ratio of 14.02, a P/E/G ratio of 2.08 and a beta of 1.36. The firm’s 50-day simple moving average is $150.34 and its 200 day simple moving average is $150.23. D.R. Horton, Inc. has a fifty-two week low of $129.11 and a fifty-two week high of $184.54. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.
D.R. Horton (NYSE:DHI – Get Free Report) last announced its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The firm had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. D.R. Horton’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.58 EPS. Equities analysts expect that D.R. Horton, Inc. will post 10.6 EPS for the current year.
D.R. Horton Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s payout ratio is presently 16.87%.
About D.R. Horton
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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