Baker Avenue Asset Management LP Buys 3,762 Shares of D.R. Horton, Inc. $DHI

Baker Avenue Asset Management LP raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,416 shares of the construction company’s stock after purchasing an additional 3,762 shares during the period. Baker Avenue Asset Management LP’s holdings in D.R. Horton were worth $9,710,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DHI. Integrated Wealth Concepts LLC raised its position in D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after purchasing an additional 803 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after acquiring an additional 455 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of D.R. Horton in the 2nd quarter worth about $302,000. Brown Advisory Inc. raised its position in shares of D.R. Horton by 3.4% in the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after acquiring an additional 208 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of D.R. Horton by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after acquiring an additional 2,859 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

Shares of DHI opened at $147.66 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The stock has a 50-day moving average of $144.24 and a 200-day moving average of $149.46. The company has a market cap of $41.87 billion, a PE ratio of 13.84, a P/E/G ratio of 2.04 and a beta of 1.41. D.R. Horton, Inc. has a one year low of $114.17 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $2.58 EPS. On average, equities research analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a $0.45 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price objective on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 22nd. Truist Financial lifted their price objective on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Weiss Ratings lowered D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Wells Fargo & Company lifted their price objective on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, ten have issued 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 target price of $168.54.

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.