Diversify Wealth Management LLC Makes New $754,000 Investment in D.R. Horton, Inc. $DHI

Diversify Wealth Management LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,974 shares of the construction company’s stock, valued at approximately $754,000.

A number of other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp raised its holdings in shares of D.R. Horton by 81.3% during the first quarter. Fifth Third Bancorp now owns 92,259 shares of the construction company’s stock worth $12,660,000 after acquiring an additional 41,365 shares during the period. Simplicity Wealth LLC acquired a new stake in shares of D.R. Horton during the 1st quarter worth about $204,000. Candriam S.C.A. boosted its holdings in shares of D.R. Horton by 101.4% during the first quarter. Candriam S.C.A. now owns 32,232 shares of the construction company’s stock worth $4,423,000 after acquiring an additional 16,225 shares during the period. Fulcrum Capital LLC grew its stake in shares of D.R. Horton by 1.1% in the first quarter. Fulcrum Capital LLC now owns 46,807 shares of the construction company’s stock valued at $6,423,000 after acquiring an additional 502 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in shares of D.R. Horton in the first quarter worth $404,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 1.7%

Shares of DHI opened at $154.19 on Friday. D.R. Horton, Inc. has a fifty-two week low of $129.22 and a fifty-two week high of $184.54. The business has a 50-day moving average of $150.51 and a 200 day moving average of $150.42. The firm has a market cap of $43.72 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46.

D.R. Horton (NYSE:DHI) last issued its earnings results 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. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter in the previous year, the firm posted $2.58 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, research analysts forecast that D.R. Horton, Inc. will post 10.6 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a $0.45 dividend. The ex-dividend date 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%.

Analyst Ratings Changes

DHI has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their price target on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. UBS Group upped their target price on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada increased their price objective on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 22nd. Barclays lifted their price objective on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Five 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $168.62.

About D.R. Horton

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.