OP Asset Management Ltd Makes New $3.82 Million Investment in D.R. Horton, Inc. $DHI

OP Asset Management Ltd purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 27,815 shares of the construction company’s stock, valued at approximately $3,817,000.

A number of other large investors have also added to or reduced their stakes in DHI. Core Wealth Advisors LLC acquired a new position in D.R. Horton in the 4th quarter valued at $25,000. Sound Income Strategies LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth $27,000. Ameriflex Group Inc. bought a new position in shares of D.R. Horton in the third quarter worth $31,000. Osbon Capital Management LLC acquired a new position in D.R. Horton in the fourth quarter valued at about $26,000. Finally, Elevated Capital Advisors LLC bought a new stake in D.R. Horton during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Down 0.3%

DHI stock opened at $166.51 on Friday. The firm has a 50-day moving average price of $150.29 and a 200-day moving average price of $150.01. D.R. Horton, Inc. has a 12 month low of $127.34 and a 12 month high of $184.54. 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 market capitalization of $47.22 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 2.33 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.58 EPS. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 10.61 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders 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 annualized dividend and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio is 16.87%.

Analyst Ratings Changes

Several equities analysts have commented on DHI shares. Citigroup raised their target price on shares of D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Wells Fargo & Company increased their price target on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Barclays lifted their price objective on shares of D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada upped their target price on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings downgraded D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $168.54.

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.