GeoWealth Management LLC Buys 827 Shares of D.R. Horton, Inc. (NYSE:DHI)

GeoWealth Management LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 17.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,575 shares of the construction company’s stock after acquiring an additional 827 shares during the period. GeoWealth Management LLC’s holdings in D.R. Horton were worth $779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Golden State Equity Partners lifted its stake in shares of D.R. Horton by 435.6% in the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock valued at $545,000 after purchasing an additional 3,171 shares during the period. Pensionfund Sabic lifted its position in D.R. Horton by 70.2% during the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after buying an additional 4,000 shares during the period. Park Avenue Securities LLC increased its stake in shares of D.R. Horton by 10.9% during the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock valued at $3,923,000 after purchasing an additional 2,767 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in D.R. Horton during the 3rd quarter valued at approximately $713,000. Finally, Park National Corp OH raised its position in shares of D.R. Horton by 8.9% in the 4th quarter. Park National Corp OH now owns 212,815 shares of the construction company’s stock worth $29,756,000 after purchasing an additional 17,441 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of research analyst reports. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Citigroup dropped their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. The Goldman Sachs Group reduced their target price on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Barclays decreased their price target on D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Finally, UBS Group lowered their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $162.92.

D.R. Horton Price Performance

NYSE:DHI opened at $121.29 on Friday. The firm has a market cap of $38.22 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The firm’s fifty day moving average is $126.41 and its two-hundred day moving average is $146.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $8.07 billion. During the same period in the prior year, the firm earned $3.52 EPS. Research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.32%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.