Westerkirk Capital Inc. Purchases 10,769 Shares of D.R. Horton, Inc. $DHI

Westerkirk Capital Inc. lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 49.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,404 shares of the construction company’s stock after acquiring an additional 10,769 shares during the period. Westerkirk Capital Inc.’s holdings in D.R. Horton were worth $4,667,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Merit Financial Group LLC boosted its holdings in D.R. Horton by 25.6% in the fourth quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after purchasing an additional 3,726 shares during the last quarter. Nordea Investment Management AB boosted its holdings in D.R. Horton by 41.5% in the fourth quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock worth $179,428,000 after purchasing an additional 363,573 shares during the last quarter. Arete Wealth Advisors LLC purchased a new stake in D.R. Horton in the third quarter worth approximately $946,000. Wealth Enhancement Advisory Services LLC boosted its holdings in D.R. Horton by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 569,423 shares of the construction company’s stock worth $82,253,000 after purchasing an additional 9,765 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in D.R. Horton by 769.3% in the third quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock worth $151,375,000 after purchasing an additional 790,475 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 0.8%

DHI opened at $144.41 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. D.R. Horton, Inc. has a fifty-two week low of $119.54 and a fifty-two week high of $184.54. The firm’s fifty day moving average is $145.63 and its 200 day moving average is $149.65. The stock has a market cap of $40.95 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter in the previous year, the company earned $2.58 EPS. D.R. Horton’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is 16.87%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DHI. Citigroup raised their target price on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Truist Financial lifted their price target on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Barclays lifted their price target on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company lifted 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 note on Wednesday, April 22nd. Finally, The Goldman Sachs Group lifted their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Four equities 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. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $168.54.

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.