D.R. Horton, Inc. $DHI Stock Position Lifted by HighTower Advisors LLC

HighTower Advisors LLC boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 27.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 438,039 shares of the construction company’s stock after buying an additional 95,619 shares during the period. HighTower Advisors LLC’s holdings in D.R. Horton were worth $74,238,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DHI. Concord Wealth Partners acquired a new position in D.R. Horton during the third quarter worth about $25,000. Canton Hathaway LLC acquired a new stake in shares of D.R. Horton during the third quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of D.R. Horton in the third quarter valued at $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in D.R. Horton in the 2nd quarter worth about $29,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of D.R. Horton during the third quarter worth approximately $34,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group set a $163.00 price objective on D.R. Horton in a report on Tuesday, January 27th. Citigroup decreased their price objective on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Royal Bank Of Canada raised their target price on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a report on Wednesday, October 29th. Wells Fargo & Company restated an “equal weight” rating and set a $155.00 price objective (down previously from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. Finally, Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and an average price target of $160.29.

D.R. Horton Stock Performance

D.R. Horton stock opened at $167.96 on Tuesday. The firm has a market capitalization of $48.66 billion, a P/E ratio of 15.25, a P/E/G ratio of 2.59 and a beta of 1.44. The stock has a fifty day moving average price of $152.79 and a two-hundred day moving average price of $157.28. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. The company had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.61 EPS. As a group, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio is currently 16.35%.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.