Lake Hills Wealth Management LLC Takes $420,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Lake Hills Wealth Management LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,307 shares of the construction company's stock, valued at approximately $420,000. D.R. Horton comprises 0.3% of Lake Hills Wealth Management LLC's portfolio, making the stock its 29th biggest position.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new position in shares of D.R. Horton during the fourth quarter valued at about $593,363,000. Franklin Resources Inc. raised its position in D.R. Horton by 71.5% during the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock valued at $499,774,000 after purchasing an additional 1,490,648 shares during the last quarter. GAMMA Investing LLC raised its position in D.R. Horton by 19,102.6% during the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after purchasing an additional 911,960 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of D.R. Horton by 1,838.0% during the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after acquiring an additional 832,358 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of D.R. Horton during the fourth quarter valued at approximately $98,720,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

NYSE:DHI traded down $1.96 during trading hours on Friday, reaching $120.78. The company had a trading volume of 2,338,182 shares, compared to its average volume of 3,035,196. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The firm has a market cap of $37.10 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 0.54 and a beta of 1.37. The firm's 50 day moving average price is $122.01 and its 200-day moving average price is $134.16.

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). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the previous year, the firm earned $3.52 EPS. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were paid 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 dividend yield of 1.32%. D.R. Horton's dividend payout ratio is currently 12.11%.

Analyst Upgrades and Downgrades

Several research analysts have commented on DHI shares. Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. The Goldman Sachs Group decreased their price target on shares of 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. Barclays decreased their price target on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Finally, Royal Bank of Canada decreased their price objective on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and a consensus price target of $151.15.

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.