Corient Private Wealth LLC Grows Position in D.R. Horton, Inc. (NYSE:DHI)

Corient Private Wealth LLC raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 107.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 197,920 shares of the construction company’s stock after acquiring an additional 102,288 shares during the period. Corient Private Wealth LLC owned approximately 0.06% of D.R. Horton worth $27,674,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after purchasing an additional 120,892 shares during the period. Harbour Investments Inc. boosted its stake in shares of D.R. Horton by 409.5% in the 3rd quarter. Harbour Investments Inc. now owns 1,014 shares of the construction company’s stock worth $193,000 after buying an additional 815 shares during the last quarter. MAI Capital Management bought a new stake in shares of D.R. Horton in the third quarter worth $2,281,000. Meeder Advisory Services Inc. increased its position in D.R. Horton by 1.5% during the third quarter. Meeder Advisory Services Inc. now owns 8,248 shares of the construction company’s stock valued at $1,573,000 after acquiring an additional 121 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its holdings in D.R. Horton by 3.4% in the third quarter. Pathstone Holdings LLC now owns 42,770 shares of the construction company’s stock valued at $8,159,000 after acquiring an additional 1,426 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the subject of several recent research reports. The Goldman Sachs Group cut their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Citigroup reduced their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Trading Up 0.6 %

Shares of DHI opened at $127.85 on Wednesday. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $134.94 and its 200-day simple moving average is $157.98. The company has a market cap of $40.29 billion, a P/E ratio of 9.04, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company earned $2.82 EPS. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.25%. D.R. Horton’s payout ratio is currently 11.31%.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.