D.R. Horton, Inc. $DHI Holdings Raised by Investment House LLC

Investment House LLC grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,911 shares of the construction company’s stock after acquiring an additional 4,914 shares during the period. Investment House LLC’s holdings in D.R. Horton were worth $9,984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DHI. Canton Hathaway LLC purchased a new position in D.R. Horton in the third quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of D.R. Horton during the 3rd quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of D.R. Horton during the 2nd quarter valued at about $29,000. Westfuller Advisors LLC bought a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $34,000. Finally, Grey Fox Wealth Advisors LLC bought a new position in D.R. Horton during the third quarter valued at approximately $40,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DHI has been the subject of several recent research reports. Barclays decreased their target price on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday. Zacks Research cut shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Royal Bank Of Canada increased their target price on shares of D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods cut their target price on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a report on Wednesday, October 29th. Finally, UBS Group reiterated a “buy” rating and set a $193.00 price target on shares of D.R. Horton in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $162.64.

D.R. Horton Stock Down 3.4%

D.R. Horton stock opened at $150.48 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 1.18. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The firm has a fifty day moving average price of $151.18 and a two-hundred day moving average price of $155.31. The firm has a market cap of $43.80 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 2.19 and a beta of 1.42.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the business posted $2.61 earnings per share. The firm’s revenue was down 9.5% compared to the same quarter last year. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is 16.35%.

D.R. Horton 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.