Winnow Wealth LLC Makes New Investment in D.R. Horton, Inc. $DHI

Winnow Wealth LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,645 shares of the construction company’s stock, valued at approximately $960,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Townsquare Capital LLC purchased a new position in D.R. Horton during the third quarter valued at approximately $242,000. SYM FINANCIAL Corp acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $296,000. Foundations Investment Advisors LLC lifted its stake in shares of D.R. Horton by 54.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 4,508 shares of the construction company’s stock valued at $764,000 after purchasing an additional 1,580 shares during the period. AE Wealth Management LLC boosted its holdings in D.R. Horton by 2.8% during the third quarter. AE Wealth Management LLC now owns 5,827 shares of the construction company’s stock worth $988,000 after buying an additional 160 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in D.R. Horton by 95.8% during the third quarter. TD Waterhouse Canada Inc. now owns 20,670 shares of the construction company’s stock valued at $3,571,000 after buying an additional 10,112 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of DHI stock opened at $148.82 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The company has a market capitalization of $43.11 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 2.32 and a beta of 1.42. The firm’s 50-day moving average is $152.19 and its two-hundred day moving average is $155.60. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. The firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.61 EPS. Analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th will be paid 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 16.35%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DHI. Barclays decreased their price objective on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Royal Bank Of Canada upped their price target on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. Bank of America dropped their price objective on D.R. Horton from $162.00 to $158.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Wells Fargo & Company set a $158.00 target price on D.R. Horton in a research note on Wednesday, January 21st. Finally, Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $160.50.

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.