Tulsa Wealth Advisors INC Takes Position in D.R. Horton, Inc. $DHI

Tulsa Wealth Advisors INC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,727 shares of the construction company’s stock, valued at approximately $537,000.

A number of other institutional investors have also recently bought and sold shares of DHI. First Manhattan CO. LLC. boosted its stake in shares of D.R. Horton by 2.0% during the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after acquiring an additional 70 shares during the period. Deseret Mutual Benefit Administrators raised its stake in D.R. Horton by 11.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after acquiring an additional 71 shares during the period. AMG National Trust Bank raised its stake in D.R. Horton by 0.7% in the 4th quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock valued at $1,570,000 after acquiring an additional 74 shares during the period. AdvisorShares Investments LLC lifted its holdings in D.R. Horton by 2.4% during the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after purchasing an additional 77 shares during the last quarter. Finally, Caitlin John LLC boosted its position in D.R. Horton by 3.4% during the third quarter. Caitlin John LLC now owns 2,426 shares of the construction company’s stock worth $411,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.1%

DHI stock opened at $157.69 on Friday. D.R. Horton, Inc. has a 52 week low of $121.38 and a 52 week high of $184.54. The company has a market capitalization of $44.72 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 2.21 and a beta of 1.37. The company’s 50-day simple moving average is $148.46 and its 200 day simple moving average is $149.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter in the previous year, the company earned $2.58 EPS. The business’s revenue was down 2.3% on a year-over-year basis. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s payout ratio is 16.87%.

Analyst Ratings Changes

Several equities analysts have commented on DHI shares. UBS Group upped their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada lifted their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Citigroup increased their price target on shares of D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Barclays upped their target price on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $168.54.

D.R. Horton 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.