Strive Asset Management LLC Makes New $527,000 Investment in D.R. Horton, Inc. (NYSE:DHI)

Strive Asset Management LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,772 shares of the construction company's stock, valued at approximately $527,000.

A number of other institutional investors have also recently made changes to their positions in the business. Shellback Capital LP purchased a new position in shares of D.R. Horton during the 4th quarter valued at about $3,496,000. Siemens Fonds Invest GmbH raised its holdings in D.R. Horton by 190.0% in the 4th quarter. Siemens Fonds Invest GmbH now owns 17,032 shares of the construction company's stock worth $2,381,000 after purchasing an additional 11,158 shares during the period. Shell Asset Management Co. raised its holdings in D.R. Horton by 5.3% in the 4th quarter. Shell Asset Management Co. now owns 5,808 shares of the construction company's stock worth $812,000 after purchasing an additional 290 shares during the period. Sherbrooke Park Advisers LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at approximately $529,000. Finally, Sig Brokerage LP acquired a new position in shares of D.R. Horton during the fourth quarter valued at approximately $348,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Up 1.9%

DHI stock opened at $125.68 on Friday. 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 1 year low of $110.44 and a 1 year high of $199.85. The company has a fifty day simple moving average of $124.52 and a 200 day simple moving average of $138.72. The firm has a market cap of $38.60 billion, a PE ratio of 8.88, a PEG ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 18.48% and a net margin of 12.69%. During the same quarter in the previous year, the firm posted $3.52 EPS. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.27%. D.R. Horton's dividend payout ratio is currently 12.11%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DHI. JMP Securities lowered their price objective on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. lowered their price target 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. Barclays reduced their price objective on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company 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.

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