Strs Ohio Increases Position in D.R. Horton, Inc. $DHI

Strs Ohio increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 98.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,367 shares of the construction company’s stock after purchasing an additional 58,809 shares during the period. Strs Ohio’s holdings in D.R. Horton were worth $20,060,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its position in shares of D.R. Horton by 23.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after acquiring an additional 803 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in D.R. Horton by 295.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares during the period. Sivia Capital Partners LLC purchased a new position in D.R. Horton in the 2nd quarter worth approximately $302,000. TD Private Client Wealth LLC boosted its stake in D.R. Horton by 32.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,700 shares of the construction company’s stock worth $219,000 after purchasing an additional 421 shares during the period. Finally, Patton Fund Management Inc. purchased a new stake in D.R. Horton during the 2nd quarter valued at approximately $228,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 3.4%

Shares of NYSE DHI opened at $150.48 on Friday. The company has a current ratio of 6.63, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The firm’s 50-day moving average price is $151.18 and its 200-day moving average price is $155.31. The stock has a market capitalization of $43.80 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 2.19 and a beta of 1.42.

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

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, February 5th. D.R. Horton’s dividend payout ratio is presently 16.35%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DHI shares. BTIG Research set a $182.00 target price on shares of D.R. Horton in a report on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. The Goldman Sachs Group restated a “buy” rating and set a $195.00 price objective on shares of D.R. Horton in a research report on Tuesday, January 13th. Royal Bank Of Canada lifted their target price on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. Finally, Argus increased their price target on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $162.64.

About D.R. Horton

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.