Cwm LLC Purchases 24,371 Shares of D.R. Horton, Inc. $DHI

Cwm LLC lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 97.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,259 shares of the construction company’s stock after acquiring an additional 24,371 shares during the period. Cwm LLC’s holdings in D.R. Horton were worth $8,348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Harbor Capital Advisors Inc. increased its holdings in D.R. Horton by 2.7% in the third quarter. Harbor Capital Advisors Inc. now owns 5,566 shares of the construction company’s stock worth $943,000 after purchasing an additional 147 shares in the last quarter. Norden Group LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $485,000. World Investment Advisors increased its stake in shares of D.R. Horton by 3.2% in the 3rd quarter. World Investment Advisors now owns 3,529 shares of the construction company’s stock valued at $598,000 after acquiring an additional 110 shares in the last quarter. Brookstone Capital Management lifted its position in shares of D.R. Horton by 131.8% during the 3rd quarter. Brookstone Capital Management now owns 4,173 shares of the construction company’s stock valued at $707,000 after acquiring an additional 2,373 shares during the period. Finally, Tritonpoint Wealth LLC boosted its stake in D.R. Horton by 10.1% during the third quarter. Tritonpoint Wealth LLC now owns 1,818 shares of the construction company’s stock worth $308,000 after acquiring an additional 167 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $145.91 on Tuesday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 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. The business has a 50 day moving average price of $150.34 and a 200-day moving average price of $152.30. The company has a market cap of $42.47 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.74 and a beta of 1.38.

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 the consensus estimate 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 quarter last year, the company posted $3.92 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 13th. 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 1.2%. D.R. Horton’s payout ratio is 15.53%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DHI shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 22nd. Wells Fargo & Company decreased their target price on D.R. Horton from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Evercore ISI set a $169.00 price target on D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. UBS Group raised their price objective on D.R. Horton from $187.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods lowered 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 report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $161.08.

D.R. Horton Company 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.