Baker Avenue Asset Management LP Buys New Holdings in D.R. Horton, Inc. $DHI

Baker Avenue Asset Management LP bought a new position in D.R. Horton, Inc. (NYSE:DHI) during the second quarter, Holdings Channel reports. The firm bought 65,232 shares of the construction company’s stock, valued at approximately $8,410,000.

Other large investors have also bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new stake in D.R. Horton during the second quarter worth $29,000. Bayforest Capital Ltd increased its stake in shares of D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after purchasing an additional 194 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of D.R. Horton during the 1st quarter valued at approximately $34,000. Hantz Financial Services Inc. boosted its holdings in D.R. Horton by 1,678.9% in the 2nd 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 period. Finally, Ransom Advisory Ltd purchased a new position in D.R. Horton in the 1st quarter valued at approximately $51,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the company an “in-line” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada upped their target price on shares of D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. UBS Group raised their price target on shares of D.R. Horton from $187.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $160.15.

D.R. Horton Stock Down 1.3%

DHI stock opened at $158.59 on Monday. The business’s 50 day moving average price is $153.75 and its two-hundred day moving average price is $148.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48. The company has a market capitalization of $46.32 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 1.89 and a beta of 1.38. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly 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 firm had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.44 billion. During the same quarter in the previous year, the firm earned $3.92 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

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

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.