Friedenthal Financial Acquires Shares of 6,177 D.R. Horton, Inc. $DHI

Friedenthal Financial bought a new position in D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,177 shares of the construction company’s stock, valued at approximately $1,047,000.

Other large investors also recently bought and sold shares of the company. State Street Corp boosted its stake in D.R. Horton by 0.7% during the second quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock worth $1,629,067,000 after acquiring an additional 92,219 shares in the last quarter. Norges Bank purchased a new position in shares of D.R. Horton during the second quarter valued at approximately $494,278,000. Franklin Resources Inc. boosted its position in shares of D.R. Horton by 16.4% in the 2nd quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock worth $412,567,000 after purchasing an additional 450,362 shares in the last quarter. Invesco Ltd. boosted its position in shares of D.R. Horton by 13.2% in the 2nd quarter. Invesco Ltd. now owns 2,854,268 shares of the construction company’s stock worth $367,972,000 after purchasing an additional 333,846 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of D.R. Horton by 42.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock worth $378,628,000 after buying an additional 846,085 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

DHI opened at $144.47 on Wednesday. The company’s 50-day simple moving average is $150.93 and its two-hundred day simple moving average is $151.70. 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 stock has a market capitalization of $42.05 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.73 and a beta of 1.38. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-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 EPS for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The business’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.92 earnings per share. As a group, analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s dividend payout ratio (DPR) is presently 15.53%.

Analyst Upgrades and Downgrades

Several research firms have commented on DHI. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a report on Monday. Wells Fargo & Company dropped their price target on shares of D.R. Horton from $190.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th. Barclays raised their price objective on shares of D.R. Horton from $110.00 to $132.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. UBS Group upped their target price 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, Royal Bank Of Canada raised their price target on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $161.08.

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.