Evolve Private Wealth LLC Purchases New Position in D.R. Horton, Inc. $DHI

Evolve Private Wealth LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 32,427 shares of the construction company’s stock, valued at approximately $4,670,000.

A number of other large investors have also recently made changes to their positions in DHI. Core Wealth Advisors LLC bought a new stake in D.R. Horton in the fourth quarter valued at $25,000. Sound Income Strategies LLC purchased a new stake in shares of D.R. Horton in the 4th quarter worth about $27,000. Ameriflex Group Inc. purchased a new stake in shares of D.R. Horton in the 3rd quarter worth about $31,000. Elevated Capital Advisors LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $27,000. Finally, Wilkerson Advisory Group LLC purchased a new position in shares of D.R. Horton during the fourth quarter valued at about $30,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on DHI shares. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Weiss Ratings lowered D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Wells Fargo & Company lifted their price target on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Barclays upped their price target on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group raised their price objective on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Down 2.6%

Shares of NYSE:DHI opened at $152.23 on Thursday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $147.74 and a two-hundred day simple moving average of $149.88. D.R. Horton, Inc. has a 12-month low of $119.64 and a 12-month high of $184.54. The stock has a market capitalization of $43.17 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 2.19 and a beta of 1.37.

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

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio is 16.87%.

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.