West Wealth Group LLC Purchases 13,428 Shares of D.R. Horton, Inc. $DHI

West Wealth Group LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,428 shares of the construction company’s stock, valued at approximately $1,835,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitlin John LLC purchased a new position in D.R. Horton during the second quarter worth about $25,000. Fiduciary Financial Advisors purchased a new stake in shares of D.R. Horton in the 2nd quarter valued at about $25,000. Osbon Capital Management LLC purchased a new stake in shares of D.R. Horton in the 4th quarter valued at about $26,000. Bell Investment Advisors Inc bought a new stake in shares of D.R. Horton during the 2nd quarter valued at about $32,000. Finally, Compass Financial Management LLC bought a new stake in shares of D.R. Horton during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $182.00 price objective on shares of D.R. Horton in a report on Monday. Morgan Stanley assumed coverage on shares of D.R. Horton in a research note on Thursday, October 1st. They issued an “equal weight” rating and a $151.00 target price on the stock. Barclays cut their price target on shares of D.R. Horton from $141.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 6th. Weiss Ratings lowered shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Finally, Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Friday, September 11th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $158.79.

D.R. Horton Price Performance

DHI opened at $133.44 on Thursday. The stock has a 50-day moving average price of $141.93 and a 200-day moving average price of $146.43. D.R. Horton, Inc. has a 12-month low of $130.40 and a 12-month high of $170.79. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $37.32 billion, a P/E ratio of 12.70, a PEG ratio of 2.10 and a beta of 1.35.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%. D.R. Horton’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm posted $3.36 EPS. Equities analysts predict that D.R. Horton, Inc. will post 10.43 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is presently 17.13%.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.