GHP Investment Advisors Inc. Boosts Stake in D.R. Horton, Inc. $DHI

GHP Investment Advisors Inc. increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 30.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,494 shares of the construction company’s stock after buying an additional 3,833 shares during the quarter. GHP Investment Advisors Inc.’s holdings in D.R. Horton were worth $2,795,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in D.R. Horton during the 2nd quarter valued at about $494,278,000. Berkshire Hathaway Inc purchased a new stake in D.R. Horton in the second quarter valued at approximately $191,491,000. Viking Global Investors LP increased its holdings in D.R. Horton by 108.3% in the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after buying an additional 1,469,978 shares during the period. Allspring Global Investments Holdings LLC raised its position in D.R. Horton by 42.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock worth $378,628,000 after buying an additional 846,085 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in D.R. Horton by 136.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,073,583 shares of the construction company’s stock valued at $137,934,000 after acquiring an additional 619,509 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BTIG Research set a $182.00 target price on shares of D.R. Horton in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. The Goldman Sachs Group restated a “buy” rating and issued a $195.00 target price on shares of D.R. Horton in a research note on Tuesday, January 13th. Finally, Argus lifted their price target on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $162.64.

D.R. Horton Stock Performance

NYSE DHI opened at $150.48 on Friday. The company has a current ratio of 6.63, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54. The stock has a 50-day moving average of $151.18 and a 200 day moving average of $155.31. The stock has a market capitalization of $43.80 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 2.19 and a beta of 1.42.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the prior year, the company posted $2.61 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

D.R. Horton Profile

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.