Smithbridge Asset Management Inc. DE Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Smithbridge Asset Management Inc. DE purchased a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,499 shares of the construction company's stock, valued at approximately $953,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sapient Capital LLC boosted its holdings in D.R. Horton by 0.8% in the first quarter. Sapient Capital LLC now owns 65,811 shares of the construction company's stock valued at $8,367,000 after purchasing an additional 495 shares during the last quarter. Simon Quick Advisors LLC boosted its position in D.R. Horton by 12.6% during the 1st quarter. Simon Quick Advisors LLC now owns 1,650 shares of the construction company's stock worth $210,000 after acquiring an additional 185 shares during the period. CX Institutional increased its stake in D.R. Horton by 2.8% during the 1st quarter. CX Institutional now owns 4,296 shares of the construction company's stock valued at $546,000 after buying an additional 115 shares during the period. Assenagon Asset Management S.A. boosted its stake in D.R. Horton by 19.2% during the first quarter. Assenagon Asset Management S.A. now owns 430,913 shares of the construction company's stock valued at $54,782,000 after buying an additional 69,289 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. boosted its stake in D.R. Horton by 9.4% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 8,031 shares of the construction company's stock valued at $1,021,000 after buying an additional 690 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of research analyst reports. 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 research 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. Wells Fargo & Company decreased their price target on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada lowered their price target on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods cut their target price on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Finally, Barclays lowered their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded down $3.25 during trading on Friday, hitting $122.99. 3,201,222 shares of the stock were exchanged, compared to its average volume of 3,052,122. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average price of $122.05 and a 200-day moving average price of $133.05. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The stock has a market capitalization of $37.78 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 0.54 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly 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). The company had revenue of $7.73 billion during the quarter, compared to analyst estimates 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 quarter last year, the company posted $3.52 EPS. As a group, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's payout ratio is 12.11%.

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.