D.R. Horton, Inc. $DHI Stock: SteelPeak Wealth LLC Raises Holdings

SteelPeak Wealth LLC raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 34.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,811 shares of the construction company’s stock after acquiring an additional 6,605 shares during the period. SteelPeak Wealth LLC’s holdings in D.R. Horton were worth $3,527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Robertson Stephens Wealth Management LLC bought a new stake in D.R. Horton in the 3rd quarter valued at $207,000. TD Waterhouse Canada Inc. grew its holdings in D.R. Horton by 4.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 31,093 shares of the construction company’s stock valued at $4,267,000 after buying an additional 1,206 shares in the last quarter. Pension & Wealth Management Advisors Inc. bought a new position in D.R. Horton during the 3rd quarter worth $28,000. Annex Advisory Services LLC increased its position in D.R. Horton by 29.6% during the 3rd quarter. Annex Advisory Services LLC now owns 4,720 shares of the construction company’s stock worth $645,000 after buying an additional 1,078 shares during the period. Finally, Franchise GP Ltd increased its position in D.R. Horton by 46.4% during the 3rd quarter. Franchise GP Ltd now owns 1,577 shares of the construction company’s stock worth $215,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.2%

Shares of NYSE:DHI opened at $139.20 on Friday. The company has a market capitalization of $38.93 billion, a P/E ratio of 13.24, a P/E/G ratio of 2.16 and a beta of 1.35. D.R. Horton, Inc. has a 1 year low of $130.40 and a 1 year high of $170.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The business’s 50 day simple moving average is $141.57 and its 200 day simple moving average is $146.42.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $3.36 EPS. On average, research analysts anticipate that D.R. Horton, Inc. will post 10.43 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton’s dividend payout ratio is 17.13%.

Analyst Ratings Changes

A number of research firms have recently weighed in on DHI. Keefe, Bruyette & Woods dropped their target price on D.R. Horton from $167.00 to $160.00 and set a “market perform” rating for the company in a report on Tuesday, September 22nd. Wells Fargo & Company decreased their price target on shares of D.R. Horton from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Melius Research started coverage on shares of D.R. Horton in a research report on Tuesday, October 6th. They set a “sell” rating and a $128.00 price target on the stock. Finally, Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $156.36.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.