Alps Advisors Inc. acquired a new position in D. R. Horton Inc (NYSE:DHI) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 7,196 shares of the construction company’s stock, valued at approximately $379,000.
Other institutional investors have also added to or reduced their stakes in the company. NuWave Investment Management LLC boosted its position in shares of D. R. Horton by 97.7% in the 3rd quarter. NuWave Investment Management LLC now owns 690 shares of the construction company’s stock worth $36,000 after buying an additional 341 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in D. R. Horton in the 3rd quarter valued at about $39,000. Quest Capital Management Inc. ADV purchased a new position in D. R. Horton in the 3rd quarter valued at about $43,000. Cornerstone Advisors Inc. lifted its holdings in D. R. Horton by 268.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock valued at $40,000 after purchasing an additional 684 shares in the last quarter. Finally, Motco purchased a new position in D. R. Horton in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 86.78% of the company’s stock.
A number of research analysts have issued reports on DHI shares. Seaport Global Securities started coverage on shares of D. R. Horton in a report on Friday, August 23rd. They issued a “buy” rating and a $59.00 target price on the stock. Wells Fargo & Co restated an “outperform” rating and issued a $67.00 target price (up from $54.00) on shares of D. R. Horton in a report on Wednesday. Barclays upped their target price on shares of D. R. Horton from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. BTIG Research upped their target price on shares of D. R. Horton to $67.00 and gave the company a “buy” rating in a report on Wednesday. Finally, JMP Securities upped their target price on shares of D. R. Horton from $49.00 to $52.00 and gave the company a “market outperform” rating in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. D. R. Horton has a consensus rating of “Buy” and a consensus target price of $51.12.
Shares of DHI stock opened at $54.33 on Thursday. The firm has a market cap of $18.92 billion, a P/E ratio of 13.28, a PEG ratio of 1.01 and a beta of 1.01. D. R. Horton Inc has a 1-year low of $32.39 and a 1-year high of $55.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 0.94. The firm’s 50-day simple moving average is $52.59 and its 200-day simple moving average is $47.63.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, November 12th. The construction company reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.10. The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $4.86 billion. D. R. Horton had a net margin of 9.26% and a return on equity of 16.71%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 EPS. Analysts expect that D. R. Horton Inc will post 4.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.175 per share. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 1.29%. D. R. Horton’s dividend payout ratio is presently 14.67%.
D. R. Horton Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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