Kestra Private Wealth Services LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI – Get Rating) by 206.4% during the 1st quarter, Holdings Channel reports. The fund owned 5,932 shares of the construction company’s stock after purchasing an additional 3,996 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in D.R. Horton were worth $442,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Fairfield Bush & CO. acquired a new position in shares of D.R. Horton during the first quarter worth about $28,000. GPS Wealth Strategies Group LLC increased its position in shares of D.R. Horton by 300.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 400 shares of the construction company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new stake in shares of D.R. Horton in the 1st quarter valued at $30,000. MCF Advisors LLC purchased a new stake in shares of D.R. Horton during the 1st quarter worth $32,000. Finally, Tcwp LLC purchased a new position in D.R. Horton in the first quarter valued at $35,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on DHI. BTIG Research cut their target price on D.R. Horton from $97.00 to $92.00 in a research report on Friday, July 22nd. The Goldman Sachs Group reduced their price objective on shares of D.R. Horton from $89.00 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, June 23rd. Credit Suisse Group dropped their target price on shares of D.R. Horton to $85.00 in a research report on Friday, July 22nd. Barclays decreased their price objective on shares of D.R. Horton from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, July 14th. Finally, TheStreet raised D.R. Horton from a “c+” rating to a “b-” rating in a report on Thursday, July 21st. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.14.
Insider Transactions at D.R. Horton
D.R. Horton Stock Performance
Shares of DHI stock opened at $73.09 on Tuesday. The stock has a 50 day simple moving average of $74.35 and a 200-day simple moving average of $73.33. D.R. Horton, Inc. has a 12-month low of $59.25 and a 12-month high of $110.45. The company has a market cap of $25.40 billion, a price-to-earnings ratio of 4.65, a price-to-earnings-growth ratio of 0.46 and a beta of 1.60. The company has a current ratio of 5.71, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32.
D.R. Horton (NYSE:DHI – Get Rating) last released its quarterly earnings data on Thursday, July 21st. The construction company reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.18. D.R. Horton had a net margin of 17.42% and a return on equity of 33.33%. The firm had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.91 billion. During the same quarter in the previous year, the firm earned $3.06 earnings per share. The firm’s revenue was up 20.6% on a year-over-year basis. On average, equities analysts forecast that D.R. Horton, Inc. will post 17.08 EPS for the current year.
D.R. Horton Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Thursday, August 4th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Wednesday, August 3rd. D.R. Horton’s dividend payout ratio is currently 5.78%.
D.R. Horton Profile
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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