Gerald Baker Financial Group LLC Invests $1.07 Million in D.R. Horton, Inc. $DHI

Gerald Baker Financial Group LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the first quarter, HoldingsChannel reports. The firm bought 7,653 shares of the construction company’s stock, valued at approximately $1,070,000.

Other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its holdings in shares of D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after buying an additional 803 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after buying an additional 455 shares during the period. Sivia Capital Partners LLC bought a new position in shares of D.R. Horton in the 2nd quarter worth about $302,000. Brown Advisory Inc. lifted its position in D.R. Horton by 3.4% during the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after acquiring an additional 208 shares during the period. Finally, Cerity Partners LLC boosted its stake in D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after acquiring an additional 2,859 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of analyst reports. Royal Bank Of Canada raised their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. UBS Group boosted their price target on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Barclays upped their price target on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $168.62.

D.R. Horton Trading Up 1.7%

Shares of NYSE DHI opened at $154.19 on Friday. The firm’s 50 day moving average price is $150.51 and its 200-day moving average price is $150.42. The company has a market cap of $43.72 billion, a PE ratio of 14.45, a P/E/G ratio of 2.12 and a beta of 1.36. D.R. Horton, Inc. has a 52-week low of $129.22 and a 52-week high of $184.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46.

D.R. Horton (NYSE:DHI) last announced 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. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter last year, the firm earned $2.58 earnings per share. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts expect that D.R. Horton, Inc. will post 10.6 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a $0.45 dividend. 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 dividend payout ratio (DPR) is presently 16.87%.

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.