Peloton Wealth Strategists Takes Position in D.R. Horton, Inc. $DHI

Peloton Wealth Strategists bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,990 shares of the construction company’s stock, valued at approximately $2,447,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors raised its holdings in shares of D.R. Horton by 22.1% in the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after purchasing an additional 6,695,592 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of D.R. Horton by 0.3% in the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after purchasing an additional 13,155 shares during the last quarter. Norges Bank purchased a new stake in shares of D.R. Horton in the fourth quarter valued at about $649,305,000. Morgan Stanley raised its holdings in shares of D.R. Horton by 1.9% in the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock valued at $530,711,000 after purchasing an additional 67,578 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of D.R. Horton by 18.1% in the third quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock valued at $571,456,000 after purchasing an additional 517,752 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE DHI opened at $156.37 on Wednesday. D.R. Horton, Inc. has a 52-week low of $119.54 and a 52-week high of $184.54. The company has a 50-day simple moving average of $147.53 and a 200 day simple moving average of $149.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The company has a market capitalization of $44.34 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 2.17 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The business had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.58 earnings per share. On average, research analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DHI. The Goldman Sachs Group increased their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Royal Bank Of Canada raised their price objective on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Weiss Ratings downgraded shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Wells Fargo & Company raised their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Profile

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.