Philadelphia Trust Co. Invests $5.35 Million in D.R. Horton, Inc. (NYSE:DHI)

Philadelphia Trust Co. purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 38,241 shares of the construction company’s stock, valued at approximately $5,347,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Nemes Rush Group LLC raised its stake in D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton in the fourth quarter valued at about $38,000. Rosenberg Matthew Hamilton grew its position in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after buying an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in D.R. Horton in the 4th quarter valued at approximately $43,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Royal Bank of Canada reissued an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Wedbush reaffirmed a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Finally, Citigroup cut their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $169.14.

D.R. Horton Stock Up 1.6 %

Shares of NYSE:DHI opened at $119.74 on Friday. The company has a 50 day moving average of $127.68 and a 200-day moving average of $149.41. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The stock has a market cap of $37.73 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating 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 company had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the business posted $2.82 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. D.R. Horton’s dividend payout ratio is 11.31%.

About D.R. Horton

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.