Vanguard Personalized Indexing Management LLC Grows Stake in D.R. Horton, Inc. $DHI

Vanguard Personalized Indexing Management LLC raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,570 shares of the construction company’s stock after purchasing an additional 4,002 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in D.R. Horton were worth $8,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Integrated Wealth Concepts LLC increased its position in D.R. Horton by 23.4% during 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 during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of D.R. Horton by 295.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after purchasing an additional 455 shares during the period. Sivia Capital Partners LLC bought a new position in D.R. Horton during the 2nd quarter valued at about $302,000. TD Private Client Wealth LLC raised its position 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. bought a new stake in D.R. Horton in the second quarter worth about $228,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DHI. The Goldman Sachs Group reaffirmed a “buy” rating and set a $195.00 target price on shares of D.R. Horton in a research note on Tuesday, January 13th. Barclays reduced their target price on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 21st. Evercore ISI upped their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. Citigroup reduced their price target on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada raised their price objective on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $162.64.

D.R. Horton Price Performance

Shares of DHI opened at $150.00 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The company’s fifty day moving average price is $151.43 and its 200-day moving average price is $155.50. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The firm has a market capitalization of $43.46 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 2.20 and a beta of 1.42.

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

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be given a $0.45 dividend. The ex-dividend date is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio is currently 16.35%.

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.