Advisor Resource Council Takes Position in D.R. Horton, Inc. (NYSE:DHI)

Advisor Resource Council purchased a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,060 shares of the construction company's stock, valued at approximately $643,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Exchange Traded Concepts LLC raised its holdings in shares of D.R. Horton by 25.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock worth $325,000 after acquiring an additional 511 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after purchasing an additional 5,052 shares during the last quarter. OneAscent Financial Services LLC boosted its holdings in D.R. Horton by 21.2% in the 4th quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company's stock valued at $465,000 after purchasing an additional 582 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of D.R. Horton by 6.5% in the 1st quarter. Ritholtz Wealth Management now owns 2,124 shares of the construction company's stock valued at $270,000 after buying an additional 129 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in shares of D.R. Horton by 59.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,880 shares of the construction company's stock worth $263,000 after buying an additional 701 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on DHI. Keefe, Bruyette & Woods decreased their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Barclays reduced their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company decreased their price target on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Royal Bank Of Canada reduced their price objective on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. Finally, The Goldman Sachs Group lowered their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Stock Performance

DHI traded up $4.63 during trading on Monday, hitting $128.83. 4,069,871 shares of the stock were exchanged, compared to its average volume of 3,074,204. The company has a quick ratio of 1.15, a current ratio of 7.29 and a debt-to-equity ratio of 0.26. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The stock has a fifty day moving average price of $122.51 and a two-hundred day moving average price of $130.72. The firm has a market capitalization of $39.57 billion, a P/E ratio of 9.75, a PEG ratio of 3.88 and a beta of 1.37.

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 analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the previous year, the firm earned $3.52 earnings per share. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. D.R. Horton's payout ratio is 12.11%.

D.R. Horton Company 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.