D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Ghe LLC

Ghe LLC grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,364 shares of the construction company’s stock after purchasing an additional 1,300 shares during the quarter. D.R. Horton makes up 1.2% of Ghe LLC’s portfolio, making the stock its 19th largest holding. Ghe LLC’s holdings in D.R. Horton were worth $2,987,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Coastline Trust Co bought a new position in shares of D.R. Horton during the third quarter valued at approximately $26,000. Rakuten Securities Inc. grew its holdings in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares in the last quarter. Golden State Wealth Management LLC bought a new position in D.R. Horton in the 4th quarter worth approximately $30,000. FSA Wealth Management LLC bought a new position in D.R. Horton in the 3rd quarter worth approximately $47,000. Finally, Ashton Thomas Securities LLC bought a new position in D.R. Horton in the 3rd quarter worth approximately $50,000. 90.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DHI has been the subject of a number of recent analyst reports. Citigroup decreased their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $160.00 to $150.00 in a report on Monday, January 27th. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Finally, Evercore ISI decreased their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $125.92 on Monday. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The stock has a fifty day moving average of $138.94 and a 200-day moving average of $164.28. The company has a market capitalization of $39.68 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last released its 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. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 earnings per share. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. D.R. Horton’s payout ratio is currently 11.31%.

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.