D.R. Horton, Inc. $DHI Holdings Raised by CW Advisors LLC

CW Advisors LLC lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 199.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,463 shares of the construction company’s stock after acquiring an additional 36,912 shares during the period. CW Advisors LLC’s holdings in D.R. Horton were worth $7,150,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DHI. Twin Peaks Wealth Advisors LLC bought a new position in shares of D.R. Horton in the 2nd quarter worth about $29,000. Bayforest Capital Ltd raised its stake in D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after acquiring an additional 194 shares during the period. Accredited Wealth Management LLC bought a new position in D.R. Horton in the first quarter worth about $34,000. Hantz Financial Services Inc. boosted its stake in D.R. Horton by 1,678.9% in the second quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock valued at $44,000 after acquiring an additional 319 shares during the period. Finally, Ransom Advisory Ltd bought a new position in shares of D.R. Horton during the first quarter valued at approximately $51,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $160.73 on Friday. The stock has a market cap of $46.94 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.97 and a beta of 1.38. The firm’s 50-day simple moving average is $153.92 and its 200 day simple moving average is $148.36. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The company has a quick ratio of 1.18, a current ratio of 6.48 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.44 billion. During the same quarter in the prior year, the company earned $3.92 EPS. The business’s quarterly revenue was down 3.2% on a year-over-year basis. Equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 1.1%. D.R. Horton’s dividend payout ratio is presently 15.53%.

Analysts Set New Price Targets

DHI has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of D.R. Horton in a report on Monday. Keefe, Bruyette & Woods cut their target price on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 29th. Wells Fargo & Company upped their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. BTIG Research started coverage on shares of D.R. Horton in a report on Monday. They issued a “buy” rating and a $186.00 price objective on the stock. Finally, Evercore ISI set a $169.00 target price on shares of D.R. Horton and gave the company an “in-line” rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average target price of $160.15.

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.