Personal CFO Solutions LLC Buys New Holdings in D.R. Horton, Inc. (NYSE:DHI)

Personal CFO Solutions LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,143 shares of the construction company’s stock, valued at approximately $261,000.

Several other hedge funds have also bought and sold shares of DHI. Fairfield Bush & CO. acquired a new stake in D.R. Horton in the 1st quarter valued at about $28,000. American Century Companies Inc. lifted its stake in D.R. Horton by 13.9% in the 1st quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock valued at $1,690,000 after purchasing an additional 2,771 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in D.R. Horton by 10.7% in the 1st quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock valued at $751,000 after purchasing an additional 973 shares during the last quarter. Sei Investments Co. lifted its stake in D.R. Horton by 21.1% in the 1st quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock valued at $22,425,000 after purchasing an additional 52,320 shares during the last quarter. Finally, Prudential PLC acquired a new stake in D.R. Horton during the first quarter worth approximately $560,000. 82.12% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $128.40 on Tuesday. The company’s 50 day simple moving average is $110.81 and its 200 day simple moving average is $115.50. The stock has a market capitalization of $43.44 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 0.74 and a beta of 1.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.05 and a quick ratio of 0.68. D.R. Horton, Inc. has a 1 year low of $80.32 and a 1 year high of $132.30.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, November 7th. The construction company reported $4.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.98 by $0.47. D.R. Horton had a net margin of 13.38% and a return on equity of 21.85%. The business had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.01 billion. During the same period last year, the firm posted $4.67 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, research analysts predict that D.R. Horton, Inc. will post 14.25 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 21st will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 0.93%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.25. D.R. Horton’s dividend payout ratio (DPR) is currently 7.23%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays cut their price objective on shares of D.R. Horton from $150.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, October 12th. The Goldman Sachs Group upgraded shares of D.R. Horton from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $132.00 to $131.00 in a research report on Monday, October 16th. Argus raised their price objective on shares of D.R. Horton from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods raised their price objective on shares of D.R. Horton from $142.00 to $148.00 and gave the stock a “market perform” rating in a research report on Thursday, November 16th. Finally, Raymond James cut their price objective on shares of D.R. Horton from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton presently has an average rating of “Moderate Buy” and a consensus price target of $135.71.

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 106 markets across 33 states under the names of D.R.