West Wealth Group LLC Purchases 13,428 Shares of D.R. Horton, Inc. $DHI

Key Points

• West Wealth Group LLC acquired 13,428 shares of D.R. Horton worth approximately $1.84 million during the third quarter. Institutional investors collectively own 90.63% of the homebuilder’s stock.
• Analysts have a generally cautious view: D.R. Horton has a consensus “Hold” rating and an average price target of $158.79, with several firms recently cutting targets.
• D.R. Horton’s latest quarterly results exceeded expectations, with $3.20 in earnings per share and $9.23 billion in revenue. The company also maintains a quarterly dividend of $0.45 per share, yielding about 1.3% annually.

West Wealth Group LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,428 shares of the construction company's stock, valued at approximately $1,835,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitlin John LLC purchased a new position in D.R. Horton during the second quarter worth about $25,000. Fiduciary Financial Advisors purchased a new stake in shares of D.R. Horton in the 2nd quarter valued at about $25,000. Osbon Capital Management LLC purchased a new stake in shares of D.R. Horton in the 4th quarter valued at about $26,000. Bell Investment Advisors Inc bought a new stake in shares of D.R. Horton during the 2nd quarter valued at about $32,000. Finally, Compass Financial Management LLC bought a new stake in shares of D.R. Horton during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

DHI has been the subject of several recent analyst reports. The Goldman Sachs Group reissued a "buy" rating and set a $182.00 price objective on shares of D.R. Horton in a report on Monday. Morgan Stanley assumed coverage on shares of D.R. Horton in a research note on Thursday, October 1st. They issued an "equal weight" rating and a $151.00 target price on the stock. Barclays cut their price target on shares of D.R. Horton from $141.00 to $130.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 6th. Weiss Ratings lowered shares of D.R. Horton from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, September 16th. Finally, Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $155.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Friday, September 11th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $158.79.

D.R. Horton Price Performance

DHI opened at $133.44 on Thursday. The stock has a 50-day moving average price of $141.93 and a 200-day moving average price of $146.43. D.R. Horton, Inc. has a 12-month low of $130.40 and a 12-month high of $170.79. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $37.32 billion, a P/E ratio of 12.70, a PEG ratio of 2.10 and a beta of 1.35.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating analysts' consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%. D.R. Horton's revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm posted $3.36 EPS. Equities analysts predict that D.R. Horton, Inc. will post 10.43 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, August 6th. D.R. Horton's dividend payout ratio (DPR) is presently 17.13%.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.