Personal CFO Solutions LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI – Free Report) 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 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.
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