D.R. Horton, Inc. $DHI Shares Bought by Phoenix Financial Ltd.

Phoenix Financial Ltd. boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 11.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,366 shares of the construction company’s stock after purchasing an additional 3,973 shares during the quarter. Phoenix Financial Ltd.’s holdings in D.R. Horton were worth $6,503,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in DHI. Canton Hathaway LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter worth $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in D.R. Horton during the third quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in D.R. Horton during the second quarter worth about $29,000. Westfuller Advisors LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at about $34,000. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays cut their price target on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Bank of America cut their target price on shares of D.R. Horton from $162.00 to $158.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. UBS Group reissued a “buy” rating and issued a $193.00 price objective on shares of D.R. Horton in a research report on Tuesday, January 20th. Finally, Citigroup decreased their target price on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $162.64.

D.R. Horton Stock Performance

NYSE:DHI opened at $150.00 on Tuesday. The firm has a 50-day moving average of $151.43 and a two-hundred day moving average of $155.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The stock has a market cap of $43.46 billion, a P/E ratio of 13.62, a PEG ratio of 2.20 and a beta of 1.42. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The business had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.61 earnings per share. On average, research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, February 5th. D.R. Horton’s dividend payout ratio is presently 16.35%.

D.R. Horton Company 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.