NorthRock Partners LLC Raises Stake in D.R. Horton, Inc. (NYSE:DHI)

NorthRock Partners LLC raised its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 182.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,254 shares of the construction company's stock after purchasing an additional 2,749 shares during the quarter. NorthRock Partners LLC's holdings in D.R. Horton were worth $595,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Golden State Equity Partners lifted its holdings in shares of D.R. Horton by 435.6% during the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock worth $545,000 after acquiring an additional 3,171 shares during the period. Park Avenue Securities LLC raised its stake in shares of D.R. Horton by 10.9% in the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company's stock worth $3,923,000 after acquiring an additional 2,767 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of D.R. Horton by 15.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,916 shares of the construction company's stock worth $2,086,000 after acquiring an additional 2,003 shares during the last quarter. Swedbank AB raised its stake in shares of D.R. Horton by 27.0% in the fourth quarter. Swedbank AB now owns 427,045 shares of the construction company's stock worth $59,709,000 after acquiring an additional 90,776 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of D.R. Horton by 82.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company's stock worth $36,306,000 after acquiring an additional 119,392 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Down 1.9%

DHI stock traded down $2.36 during midday trading on Tuesday, reaching $122.57. The company's stock had a trading volume of 1,964,637 shares, compared to its average volume of 3,664,607. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The stock has a fifty day simple moving average of $124.44 and a two-hundred day simple moving average of $138.21. The firm has a market capitalization of $37.65 billion, a price-to-earnings ratio of 8.66, 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 for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the prior year, the company posted $3.52 earnings per share. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors 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 yield of 1.31%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's dividend payout ratio is currently 12.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DHI shares. BTIG Research reduced 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 note 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 lowered their target price on shares of 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. Barclays reduced their target price on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. The Goldman Sachs Group decreased their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, StockNews.com upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has an average 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.