D.R. Horton, Inc. $DHI Position Boosted by SteelPeak Wealth LLC

SteelPeak Wealth LLC grew its position in D.R. Horton, Inc. (NYSE:DHI) by 34.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,811 shares of the construction company’s stock after buying an additional 6,605 shares during the quarter. SteelPeak Wealth LLC’s holdings in D.R. Horton were worth $3,527,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in D.R. Horton during the second quarter valued at approximately $4,067,842,000. Bank of America Corp DE lifted its stake in D.R. Horton by 10.7% during the first quarter. Bank of America Corp DE now owns 3,226,686 shares of the construction company’s stock worth $442,766,000 after purchasing an additional 312,303 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of D.R. Horton by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company’s stock valued at $422,734,000 after purchasing an additional 21,514 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of D.R. Horton by 4.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,903,786 shares of the construction company’s stock valued at $472,969,000 after purchasing an additional 122,434 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of D.R. Horton by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,155,581 shares of the construction company’s stock valued at $295,789,000 after purchasing an additional 48,723 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $139.20 on Friday. The stock has a market cap of $38.93 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 2.16 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The company has a 50 day simple moving average of $141.57 and a 200 day simple moving average of $146.42. D.R. Horton, Inc. has a 1 year low of $130.40 and a 1 year high of $170.79.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the business posted $3.36 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Research analysts anticipate that D.R. Horton, Inc. will post 10.43 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio is 17.13%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DHI. BTIG Research reissued a “buy” rating and set a $174.00 price target on shares of D.R. Horton in a report on Tuesday, September 22nd. Morgan Stanley initiated coverage on D.R. Horton in a research report on Thursday, October 1st. They set an “equal weight” rating and a $151.00 price objective for the company. Keefe, Bruyette & Woods reduced their price objective on D.R. Horton from $167.00 to $160.00 and set a “market perform” rating on the stock in a research note on Tuesday, September 22nd. Citigroup decreased their target price on D.R. Horton from $160.00 to $150.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Barclays lowered their target price on D.R. Horton from $141.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 6th. Five analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average price target of $156.36.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.