Sitrin Capital Management LLC Purchases 173 Shares of D.R. Horton, Inc. (NYSE:DHI)

Sitrin Capital Management LLC raised its position in D.R. Horton, Inc. (NYSE:DHI) by 0.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 32,782 shares of the construction company’s stock after acquiring an additional 173 shares during the period. D.R. Horton comprises 2.3% of Sitrin Capital Management LLC’s portfolio, making the stock its 26th biggest position. Sitrin Capital Management LLC’s holdings in D.R. Horton were worth $4,584,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DHI. Lake Street Advisors Group LLC grew its holdings in shares of D.R. Horton by 1.1% in the 4th quarter. Lake Street Advisors Group LLC now owns 9,940 shares of the construction company’s stock valued at $1,390,000 after acquiring an additional 111 shares in the last quarter. Impax Asset Management Group plc boosted its position in D.R. Horton by 9.4% during the fourth quarter. Impax Asset Management Group plc now owns 24,428 shares of the construction company’s stock valued at $3,416,000 after purchasing an additional 2,097 shares during the last quarter. GHE LLC grew its stake in D.R. Horton by 6.5% in the fourth quarter. GHE LLC now owns 21,364 shares of the construction company’s stock valued at $2,987,000 after purchasing an additional 1,300 shares in the last quarter. Rothschild Investment LLC increased its position in shares of D.R. Horton by 3.2% during the 4th quarter. Rothschild Investment LLC now owns 3,206 shares of the construction company’s stock worth $448,000 after purchasing an additional 100 shares during the last quarter. Finally, Howard Capital Management Inc. raised its stake in shares of D.R. Horton by 31.1% during the 4th quarter. Howard Capital Management Inc. now owns 7,467 shares of the construction company’s stock worth $1,044,000 after purchasing an additional 1,770 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group decreased their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Royal Bank of Canada reiterated an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Wedbush reiterated a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Finally, Citigroup dropped their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock 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 and six have issued a buy rating to the stock. Based on data from MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Up 4.6 %

DHI stock opened at $132.25 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The business’s fifty day moving average price is $138.22 and its two-hundred day moving average price is $163.66. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The stock has a market capitalization of $41.67 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 0.54 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last announced its 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 net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the business posted $2.82 EPS. The business’s revenue was down 1.5% compared to the same quarter last year. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.21%. D.R. Horton’s dividend payout ratio is presently 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.