Telos Capital Management Inc. Boosts Position in D.R. Horton, Inc. (NYSE:DHI)

Telos Capital Management Inc. grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,387 shares of the construction company’s stock after buying an additional 129 shares during the period. Telos Capital Management Inc.’s holdings in D.R. Horton were worth $474,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Coastline Trust Co purchased a new stake in D.R. Horton in the third quarter worth $26,000. Rakuten Securities Inc. grew its stake in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares during the period. Wolff Wiese Magana LLC grew its stake in D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares during the period. Grove Bank & Trust grew its stake in D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in D.R. Horton in the third quarter worth $47,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.54% of the stock is owned by corporate insiders.

D.R. Horton Trading Down 2.1 %

Shares of NYSE:DHI opened at $136.00 on Friday. The company has a market cap of $42.86 billion, a P/E ratio of 9.61, a PEG ratio of 0.60 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The stock’s fifty day moving average price is $146.33 and its 200-day moving average price is $168.24.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the company posted $2.82 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Sell-side analysts expect that D.R. Horton, Inc. will post 13.05 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio is 11.31%.

Analysts Set New Price Targets

DHI has been the topic of several recent research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Wedbush reaffirmed a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Barclays cut their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and cut their target price for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Finally, BTIG Research cut their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.