3,259 Shares in D.R. Horton, Inc. $DHI Bought by AdvisorShares Investments LLC

AdvisorShares Investments LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,259 shares of the construction company’s stock, valued at approximately $552,000.

Several other institutional investors also recently made changes to their positions in DHI. Integrated Wealth Concepts LLC grew its stake in D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after acquiring an additional 455 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of D.R. Horton during the second quarter valued at $302,000. Callan Family Office LLC grew its position in shares of D.R. Horton by 47.7% during the second quarter. Callan Family Office LLC now owns 11,693 shares of the construction company’s stock worth $1,507,000 after acquiring an additional 3,775 shares during the last quarter. Finally, Thompson Investment Management Inc. acquired a new stake in shares of D.R. Horton in the 2nd quarter worth about $64,000. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the subject of several analyst reports. Argus boosted their price objective on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. BTIG Research set a $182.00 price target on D.R. Horton in a research report on Wednesday, January 21st. Evercore lifted their price objective on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research note on Wednesday, January 21st. Citigroup decreased their target price on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Finally, Royal Bank Of Canada boosted their price target on shares of D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. Five equities research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $160.50.

D.R. Horton Price Performance

DHI stock opened at $156.33 on Friday. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54. The firm has a 50-day moving average of $152.26 and a two-hundred day moving average of $156.45. The firm has a market capitalization of $45.29 billion, a PE ratio of 14.20, a P/E/G ratio of 2.41 and a beta of 1.44. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. D.R. Horton’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

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 given a $0.45 dividend. 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 payout ratio 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.