Mitchell Capital Management Co. Buys 18,639 Shares of D.R. Horton, Inc. $DHI

Mitchell Capital Management Co. boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 139.9% in the third quarter, HoldingsChannel reports. The firm owned 31,960 shares of the construction company’s stock after purchasing an additional 18,639 shares during the quarter. Mitchell Capital Management Co.’s holdings in D.R. Horton were worth $5,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Concord Wealth Partners bought a new position in shares of D.R. Horton in the 3rd quarter valued at $25,000. Canton Hathaway LLC bought a new position in D.R. Horton in the third quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in D.R. Horton in the 3rd quarter valued at $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of D.R. Horton during the second quarter valued at approximately $29,000. Finally, Westfuller Advisors LLC bought a new position in D.R. Horton during the third quarter valued at $34,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DHI. Argus lifted their target price on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Zacks Research cut shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. UBS Group set a $163.00 price target on D.R. Horton in a research note on Tuesday, January 27th. Bank of America set a $158.00 target price on D.R. Horton in a research note on Wednesday, January 21st. Finally, Evercore raised their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $160.29.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $163.68 on Thursday. The firm has a market cap of $47.42 billion, a PE ratio of 14.87, a PEG ratio of 2.50 and a beta of 1.44. The firm has a fifty day moving average of $152.22 and a 200 day moving average of $156.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54.

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

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio is currently 16.35%.

D.R. Horton 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.