SteelPeak Wealth LLC Invests $2.66 Million in D.R. Horton, Inc. $DHI

SteelPeak Wealth LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,439 shares of the construction company’s stock, valued at approximately $2,656,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital World Investors increased its stake in shares of D.R. Horton by 159.8% in the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after acquiring an additional 18,607,545 shares in the last quarter. Capital International Investors bought a new position in D.R. Horton during the 3rd quarter valued at approximately $395,179,000. Boston Partners purchased a new position in D.R. Horton during the third quarter valued at $274,784,000. Berkshire Hathaway Inc purchased a new stake in shares of D.R. Horton in the second quarter worth $191,491,000. Finally, Viking Global Investors LP boosted its stake in D.R. Horton by 108.3% in the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after purchasing an additional 1,469,978 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of several recent analyst reports. Barclays decreased their target price on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Finally, Evercore increased their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average target price of $159.93.

Insider Buying and Selling at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.66% of the company’s stock.

D.R. Horton Trading Up 0.2%

Shares of DHI opened at $139.93 on Friday. The firm has a market cap of $40.54 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 2.17 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company has a 50 day simple moving average of $150.15 and a two-hundred day simple moving average of $152.60.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The firm had revenue of $6.89 billion during 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%. D.R. Horton’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.61 earnings per share. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s dividend payout ratio is 16.35%.

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.