Aware Super Pty Ltd as trustee of Aware Super bought a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 85,293 shares of the construction company's stock, valued at approximately $11,926,000.
Several other institutional investors and hedge funds have also modified their holdings of DHI. Nemes Rush Group LLC increased its position in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after acquiring an additional 82 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $30,000. Rosenberg Matthew Hamilton raised its position in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after purchasing an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton during the 4th quarter worth $38,000. Finally, Sierra Ocean LLC bought a new position in D.R. Horton in the 4th quarter valued at $43,000. 90.63% of the stock is owned by institutional investors and hedge funds.
D.R. Horton Trading Up 3.2 %
Shares of D.R. Horton stock traded up $3.75 during trading hours on Friday, hitting $121.29. The company's stock had a trading volume of 6,395,720 shares, compared to its average volume of 2,914,346. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The company has a market capitalization of $38.22 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The stock has a 50 day moving average of $126.41 and a 200 day moving average of $146.67.
D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter last year, the business posted $3.52 earnings per share. Analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.
D.R. Horton Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's payout ratio is presently 12.11%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on DHI. Royal Bank of Canada reaffirmed an "underperform" rating and set a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. The Goldman Sachs Group cut their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Citigroup lowered their price target on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Wells Fargo & Company dropped their price target on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, BTIG Research reduced their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $162.92.
View Our Latest Analysis on DHI
About D.R. Horton
(
Free Report)
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.
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