Capital Advisory Group Advisory Services LLC Takes Position in D.R. Horton, Inc. $DHI

Capital Advisory Group Advisory Services LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,721 shares of the construction company’s stock, valued at approximately $1,478,000.

Several other hedge funds have also recently bought and sold shares of the company. Canton Hathaway LLC bought a new position in D.R. Horton in the 3rd quarter worth about $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of D.R. Horton during the third quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC bought a new position in D.R. Horton in the 2nd quarter worth approximately $29,000. Hantz Financial Services Inc. increased its position 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 valued at $44,000 after acquiring an additional 319 shares during the period. Finally, Adirondack Trust Co. raised its stake in D.R. Horton by 53.2% during the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after acquiring an additional 141 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

NYSE:DHI opened at $156.02 on Monday. The company has a 50-day moving average of $150.16 and a 200-day moving average of $154.66. The firm has a market cap of $45.42 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.42. 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 twelve month low of $110.44 and a twelve month high of $184.54.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 28th. The construction company reported $3.04 EPS for the quarter, missing the consensus estimate of $3.29 by ($0.25). The business had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.44 billion. D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.92 earnings per share. 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 disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.80 annualized dividend and a dividend 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 is 15.53%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DHI shares. Bank of America decreased their price target on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Citigroup decreased their target price on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $195.00 price target on shares of D.R. Horton in a research note on Tuesday, January 13th. Finally, Royal Bank Of Canada raised their price objective on shares of D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $161.62.

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.