Great Valley Advisor Group Inc. Buys 3,226 Shares of D.R. Horton, Inc. (NYSE:DHI)

Great Valley Advisor Group Inc. boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,785 shares of the construction company's stock after purchasing an additional 3,226 shares during the period. Great Valley Advisor Group Inc.'s holdings in D.R. Horton were worth $3,605,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DHI. Nemes Rush Group LLC lifted its stake in shares of 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 purchasing an additional 82 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at about $38,000. Sierra Ocean LLC bought a new stake in D.R. Horton in the fourth quarter valued at about $43,000. Finally, Itau Unibanco Holding S.A. bought a new stake in D.R. Horton in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

Shares of DHI traded down $0.32 during trading hours on Friday, hitting $117.95. The company's stock had a trading volume of 4,305,130 shares, compared to its average volume of 3,014,355. The company has a market cap of $36.23 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.54 and a beta of 1.45. 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 business has a 50 day simple moving average of $122.76 and a two-hundred day simple moving average of $135.42. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same period in the prior year, the firm posted $3.52 EPS. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. D.R. Horton's dividend payout ratio is presently 12.11%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DHI. Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. BTIG Research cut their target price on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. 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. Royal Bank of Canada lowered their price objective on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group lowered their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $151.15.

About D.R. Horton

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.