Private Wealth Partners LLC Has $784,000 Stake in D.R. Horton, Inc. (NYSE:DHI)

Private Wealth Partners LLC raised its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 71.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,165 shares of the construction company's stock after buying an additional 2,570 shares during the period. Private Wealth Partners LLC's holdings in D.R. Horton were worth $784,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG grew its stake 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 buying an additional 5,052 shares during the last quarter. OneAscent Financial Services LLC boosted its holdings in shares of D.R. Horton by 21.2% during the fourth quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company's stock worth $465,000 after acquiring an additional 582 shares during the period. Proficio Capital Partners LLC grew its position in shares of D.R. Horton by 59.5% in the fourth quarter. Proficio Capital Partners LLC now owns 1,880 shares of the construction company's stock valued at $263,000 after purchasing an additional 701 shares during the last quarter. Simon Quick Advisors LLC increased its stake in shares of D.R. Horton by 12.6% during the first quarter. Simon Quick Advisors LLC now owns 1,650 shares of the construction company's stock worth $210,000 after purchasing an additional 185 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its holdings in D.R. Horton by 1.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 115,328 shares of the construction company's stock worth $16,125,000 after purchasing an additional 1,803 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

NYSE:DHI traded up $2.89 during mid-day trading on Friday, reaching $124.17. The stock had a trading volume of 5,351,247 shares, compared to its average volume of 3,070,745. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The stock has a market capitalization of $38.14 billion, a PE ratio of 9.40, a P/E/G ratio of 3.79 and a beta of 1.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.29 and a quick ratio of 1.15. The stock has a 50-day simple moving average of $122.42 and a two-hundred day simple moving average of $131.43.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). The company had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. During the same period last year, the firm posted $3.52 earnings per share. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's payout ratio is 12.11%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BTIG Research decreased their price objective on 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. JPMorgan Chase & Co. decreased their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Royal Bank Of Canada dropped 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 note on Monday, April 21st. Wells Fargo & Company decreased their target price on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, JMP Securities lowered their target price on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and a consensus target price of $151.15.

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 118 markets across 33 states under the names of D.R.