Peregrine Asset Advisers Inc. Acquires Shares of 25,407 D.R. Horton, Inc. $DHI

Peregrine Asset Advisers Inc. acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,407 shares of the construction company’s stock, valued at approximately $4,306,000. D.R. Horton makes up 1.3% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 21st biggest position.

A number of other large investors have also recently modified their holdings of DHI. Canton Hathaway LLC purchased a new stake in D.R. Horton in the third quarter worth about $26,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of D.R. Horton in the 3rd quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of D.R. Horton in the 2nd quarter worth approximately $29,000. Westfuller Advisors LLC purchased a new position in shares of D.R. Horton in the 3rd quarter valued at approximately $34,000. Finally, Westside Investment Management Inc. boosted its position in shares of D.R. Horton by 100.0% during the third quarter. Westside Investment Management Inc. now owns 206 shares of the construction company’s stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup decreased their price objective on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $195.00 target price on shares of D.R. Horton in a research report on Tuesday, January 13th. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Argus boosted their price objective on shares of D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, BTIG Research set a $182.00 price objective on shares of D.R. Horton in a report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average price target of $160.50.

D.R. Horton Stock Up 2.6%

NYSE:DHI opened at $153.69 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The firm has a market cap of $44.52 billion, a P/E ratio of 13.96, a P/E/G ratio of 2.31 and a beta of 1.44. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The firm has a 50-day simple moving average of $152.25 and a two-hundred day simple moving average of $156.23.

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

D.R. Horton Dividend Announcement

The firm 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 is Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

D.R. Horton Company 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.