Claris Financial LLC Takes $786,000 Position in D.R. Horton, Inc. $DHI

Claris Financial LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,455 shares of the construction company’s stock, valued at approximately $786,000.

Other hedge funds have also recently bought and sold shares of the company. Core Wealth Advisors LLC purchased a new stake in D.R. Horton during the fourth quarter worth $25,000. Sound Income Strategies LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth $27,000. Ameriflex Group Inc. purchased a new stake in shares of D.R. Horton in the 3rd quarter worth about $31,000. Elevated Capital Advisors LLC acquired a new stake in D.R. Horton in the 4th quarter valued at about $27,000. Finally, Wilkerson Advisory Group LLC purchased a new position in D.R. Horton during the 4th quarter valued at about $30,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the topic of several research reports. The Goldman Sachs Group increased their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada upped their target price on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings downgraded D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Finally, Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Performance

Shares of DHI stock opened at $157.69 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The firm has a market capitalization of $44.72 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 2.14 and a beta of 1.37. D.R. Horton, Inc. has a one year low of $121.38 and a one year high of $184.54. The company has a 50 day moving average price of $148.16 and a 200 day moving average price of $149.88.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter last year, the firm earned $2.58 earnings per share. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. Sell-side analysts anticipate that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio is currently 16.87%.

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.