Dnca Finance Has $11.93 Million Stake in D.R. Horton, Inc. $DHI

Dnca Finance lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 19.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,500 shares of the construction company’s stock after buying an additional 15,000 shares during the quarter. Dnca Finance’s holdings in D.R. Horton were worth $11,925,000 as of its most recent filing with the SEC.

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

D.R. Horton Stock Down 1.3%

DHI opened at $158.59 on Friday. The business has a 50 day moving average of $153.75 and a 200-day moving average of $148.77. The stock has a market capitalization of $46.32 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.89 and a beta of 1.38. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54.

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 return on equity of 14.39% and a net margin of 10.47%.The company had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.44 billion. During the same period last year, the firm posted $3.92 EPS. The company’s revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were given a dividend of $0.45 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, November 13th. D.R. Horton’s dividend payout ratio (DPR) is currently 15.53%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DHI shares. BTIG Research began coverage on D.R. Horton in a research note on Monday, December 1st. They set a “buy” rating and a $186.00 price target for the company. Bank of America decreased their target price on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Wells Fargo & Company increased their price target on D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. UBS Group boosted their price objective on shares of D.R. Horton from $187.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. 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 research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $160.15.

D.R. Horton Profile

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.