5,944 Shares in D.R. Horton, Inc. (NYSE:DHI) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 5,944 shares of the construction company’s stock, valued at approximately $831,000.

Other hedge funds have also modified their holdings of the company. Insigneo Advisory Services LLC lifted its position in D.R. Horton by 1.9% during the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after buying an additional 67 shares in the last quarter. Private Trust Co. NA lifted its position in shares of D.R. Horton by 1.0% during the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 78 shares in the last quarter. Allworth Financial LP lifted its position in shares of D.R. Horton by 5.5% during the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock worth $229,000 after purchasing an additional 82 shares in the last quarter. Catalytic Wealth RIA LLC increased its stake in shares of D.R. Horton by 2.2% in the third quarter. Catalytic Wealth RIA LLC now owns 3,861 shares of the construction company’s stock worth $737,000 after buying an additional 83 shares during the last quarter. Finally, Secure Asset Management LLC raised its holdings in 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 valued at $257,000 after acquiring an additional 84 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

DHI stock opened at $132.70 on Wednesday. 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 one year low of $124.23 and a one year high of $199.85. The firm has a market capitalization of $41.82 billion, a PE ratio of 9.38, a P/E/G ratio of 0.54 and a beta of 1.80. The firm has a 50-day moving average of $136.11 and a two-hundred day moving average of $160.12.

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

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DHI shares. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Citigroup cut their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their price target for the company from $160.00 to $150.00 in a report on Monday, January 27th. Finally, The Goldman Sachs Group dropped their target price 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $170.93.

About D.R. Horton

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.