Retirement Guys Formula LLC Has $883,000 Position in D.R. Horton, Inc. $DHI

Retirement Guys Formula LLC decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 60.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,208 shares of the construction company’s stock after selling 7,798 shares during the period. Retirement Guys Formula LLC’s holdings in D.R. Horton were worth $883,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DHI. SteelPeak Wealth LLC lifted its position in D.R. Horton by 65.9% during the 2nd quarter. SteelPeak Wealth LLC now owns 10,051 shares of the construction company’s stock worth $1,296,000 after buying an additional 3,993 shares in the last quarter. Inspire Investing LLC increased its position in D.R. Horton by 787.0% in the 1st quarter. Inspire Investing LLC now owns 20,384 shares of the construction company’s stock valued at $2,591,000 after acquiring an additional 18,086 shares in the last quarter. Berkshire Hathaway Inc bought a new position in shares of D.R. Horton in the second quarter worth about $191,491,000. Swedbank AB lifted its position in shares of D.R. Horton by 22.8% during the first quarter. Swedbank AB now owns 524,512 shares of the construction company’s stock worth $66,681,000 after purchasing an additional 97,467 shares in the last quarter. Finally, Ascent Group LLC bought a new stake in shares of D.R. Horton during the first quarter valued at approximately $232,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Down 1.0%

D.R. Horton stock opened at $144.01 on Friday. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54. The company’s 50-day moving average price is $149.50 and its two-hundred day moving average price is $152.34. The company has a quick ratio of 1.18, a current ratio of 6.48 and a debt-to-equity ratio of 0.24. The stock has a market cap of $41.92 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.71 and a beta of 1.42.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.25). The firm had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.92 earnings per share. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 13th. D.R. Horton’s dividend payout ratio is currently 15.53%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DHI shares. Barclays upped their price objective on D.R. Horton from $110.00 to $132.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Citigroup reissued a “market outperform” rating on shares of D.R. Horton in a research note on Thursday, October 30th. Evercore ISI set a $169.00 price target on shares of D.R. Horton and gave the company an “in-line” rating in a research note on Tuesday, October 7th. Wells Fargo & Company dropped their price target on D.R. Horton from $190.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th. Finally, Royal Bank Of Canada increased their price target on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $161.08.

D.R. Horton Company Profile

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.