Capital Advisory Group Advisory Services LLC Acquires Shares of 8,721 D.R. Horton, Inc. $DHI

Capital Advisory Group Advisory Services LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,721 shares of the construction company’s stock, valued at approximately $1,478,000.

Several other hedge funds have also modified their holdings of the stock. Canton Hathaway LLC purchased a new stake in shares of D.R. Horton during the third quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in D.R. Horton during the 3rd quarter valued at $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in D.R. Horton during the 2nd quarter worth $29,000. Hantz Financial Services Inc. lifted its holdings in D.R. Horton by 1,678.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock worth $44,000 after buying an additional 319 shares in the last quarter. Finally, Adirondack Trust Co. boosted its position in D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after buying an additional 141 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 3.1%

Shares of NYSE:DHI opened at $156.02 on Monday. The company’s fifty day moving average is $150.16 and its two-hundred day moving average is $154.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The stock has a market capitalization of $45.42 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.42.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). The business had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.44 billion. D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. D.R. Horton’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.92 EPS. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, November 13th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s payout ratio is currently 15.53%.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a research report on Tuesday, January 13th. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 29th. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Evercore ISI set a $169.00 price target on shares of D.R. Horton and gave the stock an “in-line” rating in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $155.00 price target (down from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $161.62.

About D.R. Horton

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.