3,259 Shares in D.R. Horton, Inc. $DHI Purchased by AdvisorShares Investments LLC

AdvisorShares Investments LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the third quarter, HoldingsChannel reports. The fund purchased 3,259 shares of the construction company’s stock, valued at approximately $552,000.

A number of other hedge funds also recently modified their holdings of the company. Hemington Wealth Management lifted its stake in D.R. Horton by 22.1% during the third quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock worth $59,000 after purchasing an additional 64 shares during the period. Apella Capital LLC grew its holdings in shares of D.R. Horton by 0.8% during the third quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 69 shares during the last quarter. Mutual Advisors LLC increased its position in D.R. Horton by 4.0% in the 3rd quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock valued at $288,000 after acquiring an additional 70 shares in the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of D.R. Horton by 17.8% in the third quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock valued at $80,000 after purchasing an additional 71 shares in the last quarter. Finally, Twin Capital Management Inc. increased its stake in shares of D.R. Horton by 0.3% in the 2nd quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock valued at $3,008,000 after buying an additional 78 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $156.33 on Friday. The firm has a market cap of $45.29 billion, a P/E ratio of 14.20, a PEG ratio of 2.41 and a beta of 1.44. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The firm’s 50 day moving average price is $152.26 and its two-hundred day moving average price is $156.45.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The business had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period last year, the business posted $2.61 earnings per share. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, February 5th. D.R. Horton’s dividend payout ratio is currently 16.35%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DHI shares. The Goldman Sachs Group reiterated a “buy” rating and set a $195.00 price target on shares of D.R. Horton in a research report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Barclays reduced their target price on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Finally, UBS Group set a $163.00 price objective on shares of D.R. Horton in a research note on Tuesday, January 27th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $160.50.

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.