Lake Hills Wealth Management LLC Invests $420,000 in D.R. Horton, Inc. (NYSE:DHI)

Lake Hills Wealth Management LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,307 shares of the construction company’s stock, valued at approximately $420,000. D.R. Horton accounts for 0.3% of Lake Hills Wealth Management LLC’s holdings, making the stock its 29th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of D.R. Horton by 82.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company’s stock worth $36,306,000 after buying an additional 119,392 shares during the period. Vontobel Holding Ltd. boosted its position in shares of D.R. Horton by 52.9% in the fourth quarter. Vontobel Holding Ltd. now owns 16,588 shares of the construction company’s stock worth $2,319,000 after buying an additional 5,736 shares during the period. Bank Pictet & Cie Europe AG boosted its position in shares of D.R. Horton by 1.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company’s stock worth $44,626,000 after buying an additional 5,052 shares during the period. OneAscent Financial Services LLC boosted its position in shares of D.R. Horton by 21.2% in the fourth quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company’s stock worth $465,000 after buying an additional 582 shares during the period. Finally, Beese Fulmer Investment Management Inc. boosted its position in shares of D.R. Horton by 2.2% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 58,068 shares of the construction company’s stock worth $8,119,000 after buying an additional 1,237 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the subject of several analyst reports. Barclays decreased their target price on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. Keefe, Bruyette & Woods reduced their price target on D.R. Horton from $165.00 to $135.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. JMP Securities reduced their price target on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating for the company in a report on Monday, April 21st. Royal Bank of Canada reduced their price target on D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a report on Monday, April 21st. Finally, The Goldman Sachs Group reduced their price target on D.R. Horton from $173.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $151.15.

D.R. Horton Trading Down 1.6%

NYSE:DHI opened at $120.78 on Friday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $122.01 and its two-hundred day moving average is $134.16. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a market cap of $37.10 billion, a PE ratio of 8.54, a P/E/G ratio of 0.54 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the prior year, the business earned $3.52 EPS. On average, analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, May 2nd. D.R. Horton’s dividend payout ratio is presently 12.11%.

D.R. Horton Company 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.