JPMorgan Chase & Co. Has $992.83 Million Stake in D.R. Horton, Inc. $DHI

JPMorgan Chase & Co. decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 35.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,893,181 shares of the construction company’s stock after selling 3,807,213 shares during the quarter. JPMorgan Chase & Co. owned 2.38% of D.R. Horton worth $992,825,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DHI. Core Wealth Advisors LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at about $25,000. Sound Income Strategies LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at about $27,000. Elevated Capital Advisors LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at about $27,000. Ameriflex Group Inc. acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at about $31,000. Finally, First Horizon Corp raised its stake in shares of D.R. Horton by 81.3% in the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE DHI opened at $151.28 on Wednesday. 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 firm’s fifty day moving average price is $145.97 and its two-hundred day moving average price is $149.74. D.R. Horton, Inc. has a 1 year low of $119.54 and a 1 year high of $184.54. The firm has a market capitalization of $42.90 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 2.02 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm had revenue of $7.56 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. As a group, research analysts anticipate that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DHI. Royal Bank Of Canada lifted their price target on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Wells Fargo & Company raised their price objective on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Barclays raised their price objective on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Four research 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’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.