NuWave Investment Management LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI – Get Rating) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,763 shares of the construction company’s stock, valued at approximately $206,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Heartland Bank & Trust Co boosted its holdings in D.R. Horton by 32.5% in the 1st quarter. Heartland Bank & Trust Co now owns 3,930 shares of the construction company’s stock worth $293,000 after buying an additional 965 shares during the period. Insight Wealth Strategies LLC lifted its stake in D.R. Horton by 20.6% in the 1st quarter. Insight Wealth Strategies LLC now owns 16,249 shares of the construction company’s stock worth $1,211,000 after purchasing an additional 2,781 shares in the last quarter. Veriti Management LLC lifted its stake in D.R. Horton by 12.7% in the 1st quarter. Veriti Management LLC now owns 4,117 shares of the construction company’s stock worth $307,000 after purchasing an additional 465 shares in the last quarter. US Asset Management LLC purchased a new stake in D.R. Horton in the 1st quarter worth approximately $48,000. Finally, IMS Capital Management lifted its stake in D.R. Horton by 6.8% in the 1st quarter. IMS Capital Management now owns 4,842 shares of the construction company’s stock worth $361,000 after purchasing an additional 310 shares in the last quarter. 81.27% of the stock is owned by institutional investors.
Several research firms have issued reports on DHI. Credit Suisse Group began coverage on shares of D.R. Horton in a research note on Tuesday, April 5th. They issued a “neutral” rating and a $89.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of D.R. Horton from $100.00 to $82.50 and set an “overweight” rating on the stock in a research note on Wednesday, April 13th. TheStreet cut shares of D.R. Horton from a “b” rating to a “c+” rating in a research report on Tuesday, April 26th. BTIG Research lowered their price objective on shares of D.R. Horton from $104.00 to $97.00 in a research report on Monday, June 6th. Finally, Wedbush lowered their price objective on shares of D.R. Horton from $125.00 to $97.00 in a research report on Wednesday, April 27th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton has an average rating of “Moderate Buy” and a consensus target price of $95.12.
Shares of NYSE:DHI opened at $64.08 on Thursday. The stock has a market cap of $22.56 billion, a PE ratio of 4.59, a PEG ratio of 0.42 and a beta of 1.58. The company’s fifty day moving average is $70.14 and its 200 day moving average is $82.84. D.R. Horton, Inc. has a 52 week low of $59.25 and a 52 week high of $110.45. The company has a quick ratio of 0.98, a current ratio of 5.95 and a debt-to-equity ratio of 0.33.
D.R. Horton (NYSE:DHI – Get Rating) last issued its earnings results on Tuesday, April 26th. The construction company reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.66. The company had revenue of $8 billion for the quarter, compared to analysts’ expectations of $7.64 billion. D.R. Horton had a net margin of 16.53% and a return on equity of 32.22%. The firm’s revenue was up 24.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 EPS. Sell-side analysts anticipate that D.R. Horton, Inc. will post 17.39 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 18th. Shareholders of record on Monday, May 9th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Friday, May 6th. D.R. Horton’s dividend payout ratio (DPR) is presently 6.45%.
D.R. Horton Profile (Get Rating)
D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 31 states and 98 markets under the names of D.R.
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