HighTower Advisors LLC Grows Stock Position in D.R. Horton, Inc. $DHI

HighTower Advisors LLC boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 27.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 438,039 shares of the construction company’s stock after buying an additional 95,619 shares during the quarter. HighTower Advisors LLC owned 0.15% of D.R. Horton worth $74,238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DHI. Concord Wealth Partners bought a new position in D.R. Horton during the 3rd quarter valued at about $25,000. Canton Hathaway LLC purchased a new position in D.R. Horton during the 3rd quarter worth $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of D.R. Horton in the third quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC purchased a new position in D.R. Horton during the second quarter valued at approximately $29,000. Finally, Westfuller Advisors LLC bought a new position in shares of D.R. Horton in the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DHI. The Goldman Sachs Group restated a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a research note on Tuesday, January 13th. BTIG Research set a $182.00 price objective on D.R. Horton in a research note on Wednesday, January 21st. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Finally, Evercore lifted their price objective on D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $160.29.

D.R. Horton Trading Up 2.0%

NYSE DHI opened at $167.96 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The firm has a market capitalization of $48.66 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 2.59 and a beta of 1.44. The company’s 50 day moving average price is $152.79 and its 200 day moving average price is $157.28. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 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 business 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 EPS. The company’s revenue was down 9.5% on a year-over-year basis. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. D.R. Horton’s payout ratio is currently 16.35%.

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.