Peterson Wealth Services Boosts Stock Holdings in D.R. Horton, Inc. $DHI

Peterson Wealth Services grew its position in D.R. Horton, Inc. (NYSE:DHI) by 941.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,862 shares of the construction company’s stock after buying an additional 9,819 shares during the quarter. Peterson Wealth Services’ holdings in D.R. Horton were worth $1,841,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in D.R. Horton in the 2nd quarter valued at $494,278,000. Berkshire Hathaway Inc purchased a new position in shares of D.R. Horton in the second quarter worth about $191,491,000. Viking Global Investors LP lifted its stake in shares of D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after buying an additional 1,469,978 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in D.R. Horton by 42.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock worth $378,628,000 after acquiring an additional 846,085 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in D.R. Horton by 136.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,073,583 shares of the construction company’s stock valued at $137,934,000 after acquiring an additional 619,509 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on DHI shares. The Goldman Sachs Group reissued a “buy” rating and issued a $195.00 target price on shares of D.R. Horton in a research note on Tuesday, January 13th. Barclays reduced their price objective on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 21st. UBS Group set a $163.00 target price on D.R. Horton in a report on Tuesday, January 27th. Argus lifted their price target on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Wells Fargo & Company set a $158.00 price objective on shares of D.R. Horton in a report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average price target of $160.50.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $149.82 on Tuesday. The firm has a market cap of $43.40 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 2.30 and a beta of 1.44. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The business’s fifty day simple moving average is $152.27 and its 200-day simple moving average is $156.08.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.05. The firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. D.R. Horton’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.61 EPS. Equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.