SteelPeak Wealth LLC Makes New $2.66 Million Investment in D.R. Horton, Inc. $DHI

SteelPeak Wealth LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,439 shares of the construction company’s stock, valued at approximately $2,656,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHI. Two Point Capital Management Inc. raised its holdings in D.R. Horton by 0.4% in the 4th quarter. Two Point Capital Management Inc. now owns 133,667 shares of the construction company’s stock valued at $19,252,000 after buying an additional 588 shares during the last quarter. Formidable Asset Management LLC increased its stake in D.R. Horton by 1.9% in the fourth quarter. Formidable Asset Management LLC now owns 6,520 shares of the construction company’s stock valued at $939,000 after purchasing an additional 121 shares in the last quarter. F&V Capital Management LLC grew its stake in D.R. Horton by 0.5% in the fourth quarter. F&V Capital Management LLC now owns 64,345 shares of the construction company’s stock valued at $9,268,000 after acquiring an additional 295 shares during the period. TB Alternative Assets Ltd. lifted its stake in shares of D.R. Horton by 102.9% in the fourth quarter. TB Alternative Assets Ltd. now owns 138,614 shares of the construction company’s stock valued at $19,965,000 after buying an additional 70,314 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in D.R. Horton by 10.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 2,233 shares of the construction company’s stock valued at $322,000 after acquiring an additional 204 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Up 0.2%

DHI stock opened at $139.93 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54. The company’s 50 day moving average price is $150.15 and its two-hundred day moving average price is $152.60. The company has a market capitalization of $40.54 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 2.17 and a beta of 1.44.

D.R. Horton (NYSE:DHI) last posted its quarterly 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. The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.61 earnings per share. As a group, 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 was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

Insiders Place Their Bets

In other news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DHI. Truist Financial set a $155.00 price objective on shares of D.R. Horton and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Citigroup lowered their target price on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Weiss Ratings reissued 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 report on Wednesday, January 7th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a research note on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $159.93.

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.