Redwood Investment Management LLC Takes Position in D.R. Horton, Inc. (NYSE:DHI)

Redwood Investment Management LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,190 shares of the construction company's stock, valued at approximately $1,425,000.

A number of other institutional investors have also recently made changes to their positions in the business. Allworth Financial LP raised its position in D.R. Horton by 5.5% during the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock valued at $229,000 after purchasing an additional 82 shares during the period. Nemes Rush Group LLC raised its holdings in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after buying an additional 82 shares during the period. Secure Asset Management LLC raised its holdings in shares of D.R. Horton by 4.8% in the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock worth $257,000 after buying an additional 84 shares during the period. Horizon Investments LLC raised its holdings in shares of D.R. Horton by 1.7% in the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock worth $767,000 after buying an additional 91 shares during the period. Finally, Bfsg LLC raised its holdings in shares of D.R. Horton by 24.4% in the fourth quarter. Bfsg LLC now owns 484 shares of the construction company's stock worth $68,000 after buying an additional 95 shares during the period. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Up 1.9%

Shares of NYSE DHI 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. The stock has a market capitalization of $38.60 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The stock's fifty day simple moving average is $124.52 and its two-hundred day simple moving average is $138.94. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results 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 net margin of 12.69% and a return on equity of 18.48%. During the same period last year, the business posted $3.52 EPS. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.27%. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DHI. Wells Fargo & Company reduced their price target on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. BTIG Research reduced their price target on 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. Keefe, Bruyette & Woods reduced their price target on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday. Finally, Royal Bank of Canada reduced their price objective 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. Two equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and a consensus target price 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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