Farther Finance Advisors LLC Acquires 347 Shares of D.R. Horton, Inc. (NYSE:DHI)

Farther Finance Advisors LLC raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 15.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,614 shares of the construction company’s stock after purchasing an additional 347 shares during the quarter. Farther Finance Advisors LLC’s holdings in D.R. Horton were worth $333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Nemes Rush Group LLC increased its stake in shares of D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after buying an additional 82 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton during the fourth quarter valued at $38,000. Sierra Ocean LLC purchased a new position in shares of D.R. Horton during the fourth quarter valued at $43,000. Itau Unibanco Holding S.A. purchased a new position in shares of D.R. Horton during the fourth quarter valued at $43,000. Finally, Oarsman Capital Inc. increased its stake in shares of D.R. Horton by 146.7% during the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company’s stock valued at $46,000 after buying an additional 198 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Down 3.0%

NYSE DHI opened at $119.91 on Wednesday. The business has a fifty day moving average price of $122.35 and a 200 day moving average price of $131.82. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. The company has a market cap of $36.83 billion, a P/E ratio of 9.08, a P/E/G ratio of 3.86 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the prior year, the company posted $3.52 earnings per share. Research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton’s payout ratio is currently 12.11%.

Analysts Set New Price Targets

DHI has been the topic of several analyst reports. Wells Fargo & Company cut their target price on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. JMP Securities cut their target price on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a research note on Monday, April 21st. Keefe, Bruyette & Woods cut their target price on D.R. Horton from $165.00 to $135.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. Barclays lowered their price target on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. lowered their price target on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating for the company in a report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $151.15.

D.R. Horton Company 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 118 markets across 33 states under the names of D.R.