Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) in the 1st quarter, HoldingsChannel reports. The firm bought 9,232 shares of the construction company’s stock, valued at approximately $1,267,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Core Wealth Advisors LLC purchased a new stake in shares of D.R. Horton during the 4th quarter valued at $25,000. Osbon Capital Management LLC purchased a new position in D.R. Horton in the fourth quarter worth $26,000. Sound Income Strategies LLC bought a new position in D.R. Horton in the fourth quarter valued at $27,000. Elevated Capital Advisors LLC bought a new position in D.R. Horton in the fourth quarter valued at $27,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in D.R. Horton during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. UBS Group increased their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Barclays lifted their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $168.62.
D.R. Horton Price Performance
DHI opened at $149.24 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The stock has a market capitalization of $42.32 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.16 and a beta of 1.36. The stock’s 50 day moving average price is $150.54 and its 200-day moving average price is $150.41. D.R. Horton, Inc. has a 52-week low of $129.22 and a 52-week high of $184.54.
D.R. Horton (NYSE:DHI – Get Free Report) last released its quarterly earnings results 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 business had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.58 earnings per share. On average, equities research analysts predict that D.R. Horton, Inc. will post 10.6 EPS for the current year.
D.R. Horton Announces Dividend
The business also recently announced 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. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend 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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