5,184 Shares in D.R. Horton, Inc. $DHI Bought by Brookstone Capital Management

Brookstone Capital Management purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,184 shares of the construction company’s stock, valued at approximately $711,000.

A number of other hedge funds have also modified their holdings of DHI. Integrated Wealth Concepts LLC lifted its stake in D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after acquiring an additional 803 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after acquiring an additional 455 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of D.R. Horton during the second quarter worth $302,000. Brown Advisory Inc. raised its holdings in shares of D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after purchasing an additional 208 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after purchasing an additional 2,859 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. The Goldman Sachs Group upped their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Wells Fargo & Company boosted their price objective 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. Weiss Ratings downgraded D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Four investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Performance

Shares of DHI stock opened at $166.51 on Friday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 12-month low of $127.34 and a 12-month high of $184.54. The business’s 50 day moving average is $150.29 and its two-hundred day moving average is $150.01. The company has a market capitalization of $47.22 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.32 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The business had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.58 earnings per share. Analysts expect that D.R. Horton, Inc. will post 10.61 EPS for the current fiscal 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 of this dividend was Thursday, May 7th. 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.