D.R. Horton, Inc. $DHI Shares Purchased by Focus Partners Advisor Solutions LLC

by · The Markets Daily

Focus Partners Advisor Solutions LLC lifted its position in D.R. Horton, Inc. (NYSE:DHI – Free Report) by 53.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,510 shares of the construction company’s stock after acquiring an additional 4,376 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in D.R. Horton were worth $1,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new stake in D.R. Horton in the fourth quarter valued at $25,000. Sound Income Strategies LLC purchased a new stake in D.R. Horton in the fourth quarter valued at $27,000. Elevated Capital Advisors LLC purchased a new stake in D.R. Horton in the fourth quarter valued at $27,000. Ameriflex Group Inc. purchased a new stake in D.R. Horton in the third quarter valued at $31,000. Finally, First Horizon Corp boosted its holdings in D.R. Horton by 81.3% in the fourth quarter. First Horizon Corp now owns 223 shares of the construction company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 2.9%

DHI stock opened at $146.76 on Thursday. The company’s 50-day simple moving average is $146.25 and its 200-day simple moving average is $149.81. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 52-week low of $119.54 and a 52-week high of $184.54. The firm has a market cap of $41.62 billion, a P/E ratio of 13.75, a PEG ratio of 2.12 and a beta of 1.37.

D.R. Horton (NYSE:DHI – Get Free Report) last posted its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period in the prior year, the company posted $2.58 EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities analysts forecast that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 16.87%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. The Goldman Sachs Group upped their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Citigroup upped their price target on shares of D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Weiss Ratings lowered shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $168.54.

View Our Latest Stock Analysis on DHI

About D.R. Horton

(Free Report)

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.

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