Sawgrass Asset Management LLC Purchases 2,829 Shares of D.R. Horton, Inc. (NYSE:DHI)

Sawgrass Asset Management LLC increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 64.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 7,242 shares of the construction company's stock after buying an additional 2,829 shares during the period. Sawgrass Asset Management LLC's holdings in D.R. Horton were worth $921,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Nemes Rush Group LLC boosted its holdings in 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 period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at approximately $38,000. Itau Unibanco Holding S.A. acquired a new position in shares of D.R. Horton in the 4th quarter valued at approximately $43,000. Oarsman Capital Inc. raised its position in shares of D.R. Horton by 146.7% in the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock valued at $46,000 after buying an additional 198 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of D.R. Horton in the 4th quarter valued at approximately $54,000. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DHI. Barclays lowered their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Wells Fargo & Company reduced their price objective on shares of 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. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. BTIG Research lowered their price objective 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. Finally, 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Stock Up 2.4%

Shares of NYSE DHI opened at $124.17 on Monday. 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 52 week low of $110.44 and a 52 week high of $199.85. The firm's fifty day moving average is $122.51 and its 200 day moving average is $130.72. The company has a market cap of $38.14 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 3.88 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). The company had revenue of $7.73 billion during 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 quarter last year, the firm earned $3.52 EPS. On average, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is currently 12.11%.

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.

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