Caprock Group LLC Invests $1.90 Million in D.R. Horton, Inc. $DHI

Caprock Group LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,211 shares of the construction company’s stock, valued at approximately $1,900,000.

Several other institutional investors have also added to or reduced their stakes in the business. Concord Wealth Partners purchased a new position in shares of D.R. Horton in the 3rd quarter valued at approximately $25,000. Canton Hathaway LLC acquired a new position in D.R. Horton during the 3rd quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of D.R. Horton in the third quarter worth $27,000. Westfuller Advisors LLC acquired a new stake in shares of D.R. Horton during the third quarter worth $34,000. Finally, Westside Investment Management Inc. grew its holdings 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 buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Up 2.0%

Shares of DHI opened at $167.96 on Friday. The firm has a market cap of $48.66 billion, a P/E ratio of 15.25, a PEG ratio of 2.54 and a beta of 1.44. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The stock’s 50 day moving average is $152.48 and its two-hundred day moving average is $156.94. 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 announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 13.51% and a net margin of 9.95%.The business’s revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.61 EPS. Analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s payout ratio is currently 16.35%.

Analyst Ratings Changes

DHI has been the subject of a number of research reports. Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a research report on Wednesday, January 7th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $155.00 target price (down previously from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. UBS Group set a $163.00 target price on D.R. Horton in a research report on Tuesday, January 27th. Citigroup reduced their price target 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, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $160.29.

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.