Bcwm LLC Makes New $7.39 Million Investment in D.R. Horton, Inc. (NYSE:DHI)

Bcwm LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 52,818 shares of the construction company’s stock, valued at approximately $7,385,000. D.R. Horton accounts for approximately 2.6% of Bcwm LLC’s investment portfolio, making the stock its 16th biggest position.

Other large investors have also made changes to their positions in the company. Golden State Equity Partners lifted its position in shares of D.R. Horton by 435.6% in the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock worth $545,000 after purchasing an additional 3,171 shares in the last quarter. Toronto Dominion Bank grew its position in D.R. Horton by 17.3% during the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after buying an additional 15,460 shares in the last quarter. Pensionfund Sabic increased its holdings in D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after buying an additional 4,000 shares during the period. Benjamin Edwards Inc. lifted its stake in D.R. Horton by 904.4% during the third quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after purchasing an additional 36,780 shares during the last quarter. Finally, Park Avenue Securities LLC grew its position in 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 valued at $3,923,000 after acquiring an additional 2,767 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 3.2 %

Shares of D.R. Horton stock opened at $125.87 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. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The company’s fifty day simple moving average is $132.91 and its two-hundred day simple moving average is $155.01. The company has a market cap of $39.66 billion, a P/E ratio of 8.90, a PEG ratio of 0.54 and a beta of 1.80.

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

D.R. Horton Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Wedbush reaffirmed a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $188.00 to $156.00 in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.