Peak Retirement Planning Inc. Invests $858,000 in D.R. Horton, Inc. (NYSE:DHI)

Peak Retirement Planning Inc. bought a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,255 shares of the construction company's stock, valued at approximately $858,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Nemes Rush Group LLC raised its holdings in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after acquiring an additional 82 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of D.R. Horton in the 4th quarter worth approximately $38,000. Sierra Ocean LLC bought a new position in shares of D.R. Horton during the fourth quarter valued at approximately $43,000. Finally, Itau Unibanco Holding S.A. purchased a new position in D.R. Horton during the fourth quarter valued at approximately $43,000. Institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Up 2.3%

D.R. Horton stock traded up $2.76 during midday trading on Tuesday, hitting $121.41. 2,683,189 shares of the stock were exchanged, compared to its average volume of 2,993,001. The stock's 50-day simple moving average is $123.66 and its 200 day simple moving average is $136.47. The stock has a market capitalization of $37.29 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.54 and a beta of 1.45. 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 fifty-two week low of $110.44 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted 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 12.69% and a return on equity of 18.48%. The company 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 company earned $3.52 EPS. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend 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 payout ratio is presently 12.11%.

Analysts Set New Price Targets

A number of analysts have weighed in on DHI shares. Royal Bank of Canada lowered their target price 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. BTIG Research dropped their price target on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research note 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. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Finally, JMP Securities dropped their target price on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.