D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 25.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,825 shares of the construction company’s stock after acquiring an additional 779 shares during the quarter. Transcend Capital Advisors LLC’s holdings in D.R. Horton were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Concurrent Investment Advisors LLC lifted its holdings in shares of D.R. Horton by 3.9% during the 4th quarter. Concurrent Investment Advisors LLC now owns 10,290 shares of the construction company’s stock valued at $1,439,000 after acquiring an additional 387 shares in the last quarter. Private Wealth Partners LLC acquired a new position in shares of D.R. Horton during the 4th quarter valued at $503,000. Alberta Investment Management Corp lifted its holdings in shares of D.R. Horton by 35.0% during the 4th quarter. Alberta Investment Management Corp now owns 2,700 shares of the construction company’s stock valued at $378,000 after acquiring an additional 700 shares in the last quarter. Legacy Solutions LLC acquired a new position in shares of D.R. Horton during the 4th quarter valued at $324,000. Finally, Lyell Wealth Management LP lifted its holdings in shares of D.R. Horton by 1.9% during the 4th quarter. Lyell Wealth Management LP now owns 108,834 shares of the construction company’s stock valued at $15,217,000 after acquiring an additional 2,065 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

DHI opened at $125.92 on Friday. The company has a 50-day moving average of $138.94 and a 200-day moving average of $164.38. The company has a market capitalization of $39.68 billion, a P/E ratio of 8.90, a PEG ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a 1-year low of $124.23 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.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DHI shares. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. The Goldman Sachs Group cut their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada reiterated an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Evercore ISI cut their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $170.93.

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.