Atlas Capital Advisors Inc. Takes Position in D.R. Horton, Inc. $DHI

Atlas Capital Advisors Inc. acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 4,813 shares of the construction company’s stock, valued at approximately $693,000.

Several other hedge funds have also recently bought and sold shares of the company. Aptus Capital Advisors LLC lifted its position in D.R. Horton by 24.1% in the 4th quarter. Aptus Capital Advisors LLC now owns 4,751 shares of the construction company’s stock valued at $684,000 after purchasing an additional 924 shares during the last quarter. Jacobi Capital Management LLC lifted its position in D.R. Horton by 1.2% in the 4th quarter. Jacobi Capital Management LLC now owns 7,915 shares of the construction company’s stock valued at $1,140,000 after purchasing an additional 93 shares during the last quarter. Kestra Advisory Services LLC lifted its position in D.R. Horton by 6.0% in the 4th quarter. Kestra Advisory Services LLC now owns 21,083 shares of the construction company’s stock valued at $3,037,000 after purchasing an additional 1,195 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in D.R. Horton by 157.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 409,707 shares of the construction company’s stock valued at $59,010,000 after purchasing an additional 250,705 shares during the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in D.R. Horton by 6.6% in the 4th quarter. Johnson Investment Counsel Inc. now owns 9,839 shares of the construction company’s stock valued at $1,417,000 after purchasing an additional 613 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on DHI. The Goldman Sachs Group boosted their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Royal Bank Of Canada boosted their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Barclays boosted their target price on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Citigroup boosted their target price on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Stock Performance

D.R. Horton stock opened at $154.00 on Monday. The firm’s 50 day simple moving average is $146.90 and its 200-day simple moving average is $149.92. The company has a market cap of $43.67 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. D.R. Horton, Inc. has a fifty-two week low of $119.54 and a fifty-two week high of $184.54.

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

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s payout ratio is presently 16.87%.

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.