Applied Finance Capital Management LLC Boosts Stock Position in D.R. Horton, Inc. $DHI

Applied Finance Capital Management LLC boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 6.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 144,836 shares of the construction company’s stock after purchasing an additional 8,796 shares during the quarter. D.R. Horton comprises about 1.5% of Applied Finance Capital Management LLC’s holdings, making the stock its 27th largest position. Applied Finance Capital Management LLC’s holdings in D.R. Horton were worth $19,874,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Core Wealth Advisors LLC purchased a new stake in shares of D.R. Horton during the fourth quarter worth about $25,000. Osbon Capital Management LLC purchased a new position in shares of D.R. Horton during the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC acquired a new stake in D.R. Horton during the fourth quarter worth approximately $27,000. Elevated Capital Advisors LLC purchased a new stake in D.R. Horton in the 4th quarter worth approximately $27,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in D.R. Horton in the 4th quarter worth approximately $30,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Barclays increased their price target on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada lifted their price objective on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report 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. UBS Group raised their price target on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company lifted their price target on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Stock Down 0.0%

Shares of NYSE DHI opened at $151.53 on Monday. The stock has a market capitalization of $42.97 billion, a PE ratio of 14.20, a P/E/G ratio of 2.12 and a beta of 1.36. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average of $150.34 and a 200-day moving average of $150.28. D.R. Horton, Inc. has a 52-week low of $129.11 and a 52-week high of $184.54.

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, topping the consensus estimate 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 business had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period last year, the company posted $2.58 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts anticipate that D.R. Horton, Inc. will post 10.6 EPS for the current year.

D.R. Horton Announces Dividend

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