16,990 Shares in D.R. Horton, Inc. $DHI Bought by Peloton Wealth Strategists

Peloton Wealth Strategists bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,990 shares of the construction company’s stock, valued at approximately $2,447,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Core Wealth Advisors LLC bought a new position in D.R. Horton during the fourth quarter worth $25,000. Sound Income Strategies LLC bought a new position in D.R. Horton during the fourth quarter worth $27,000. Elevated Capital Advisors LLC bought a new position in D.R. Horton during the fourth quarter worth $27,000. Wilkerson Advisory Group LLC bought a new position in D.R. Horton during the fourth quarter worth $30,000. Finally, Ameriflex Group Inc. bought a new position in D.R. Horton during the third quarter worth $31,000. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

DHI has been the topic of several research analyst reports. Wells Fargo & Company increased their target price on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. The Goldman Sachs Group increased their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Finally, UBS Group upped their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Stock Performance

DHI opened at $156.37 on Wednesday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The company’s fifty day moving average price is $147.53 and its two-hundred day moving average price is $149.92. D.R. Horton, Inc. has a 1-year low of $119.54 and a 1-year high of $184.54. The company has a market cap of $44.34 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 2.17 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter in the prior year, the company posted $2.58 earnings per share. The business’s revenue was down 2.3% on a year-over-year basis. On average, analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio is presently 16.87%.

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.