Baxter Bros Inc. Has $2.25 Million Stake in D.R. Horton, Inc. $DHI

Baxter Bros Inc. reduced its holdings in D.R. Horton, Inc. (NYSE:DHI) by 27.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,364 shares of the construction company’s stock after selling 6,189 shares during the quarter. Baxter Bros Inc.’s holdings in D.R. Horton were worth $2,245,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Merit Financial Group LLC increased its position in shares of D.R. Horton by 25.6% during the fourth quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after acquiring an additional 3,726 shares in the last quarter. Nordea Investment Management AB boosted its stake in D.R. Horton by 41.5% in the 4th quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock worth $179,428,000 after purchasing an additional 363,573 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in D.R. Horton by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 569,423 shares of the construction company’s stock worth $82,253,000 after purchasing an additional 9,765 shares in the last quarter. Capital International Sarl increased its holdings in D.R. Horton by 272.1% during the 3rd quarter. Capital International Sarl now owns 23,014 shares of the construction company’s stock worth $3,900,000 after purchasing an additional 16,829 shares in the last quarter. Finally, AIA Group Ltd raised its stake in shares of D.R. Horton by 139.8% in the 3rd quarter. AIA Group Ltd now owns 22,511 shares of the construction company’s stock valued at $3,815,000 after purchasing an additional 13,125 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $156.58 on Tuesday. 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 one year low of $129.11 and a one year high of $184.54. The stock has a 50-day moving average of $150.79 and a 200-day moving average of $150.21. The company has a market cap of $44.40 billion, a PE ratio of 14.67, a P/E/G ratio of 2.22 and a beta of 1.36.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The firm had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the company earned $2.58 earnings per share. On average, equities research analysts predict that D.R. Horton, Inc. will post 10.61 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm 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 1.1%. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Wells Fargo & Company increased their price target on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group increased their price target on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, UBS Group lifted their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Four 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $168.54.

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.