Calamos Advisors LLC Buys 11,000 Shares of D.R. Horton, Inc. $DHI

Calamos Advisors LLC raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 212,437 shares of the construction company’s stock after purchasing an additional 11,000 shares during the quarter. Calamos Advisors LLC’s holdings in D.R. Horton were worth $29,151,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DHI. First Manhattan CO. LLC. boosted its position in 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 valued at $511,000 after acquiring an additional 70 shares in the last quarter. Deseret Mutual Benefit Administrators increased its position in shares of D.R. Horton by 11.0% during the fourth 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 in the last quarter. AMG National Trust Bank raised its stake in shares of D.R. Horton by 0.7% in the fourth quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock worth $1,570,000 after purchasing an additional 74 shares during the last quarter. AdvisorShares Investments LLC raised its position in D.R. Horton by 2.4% in the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock worth $480,000 after buying an additional 77 shares during the last quarter. Finally, Studio Investment Management LLC raised its holdings in shares of D.R. Horton by 0.3% during the fourth quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock valued at $3,325,000 after purchasing an additional 79 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DHI. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Weiss Ratings downgraded D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Barclays increased their price objective on shares of D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, D.R. Horton has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $148.68 on Tuesday. The company has a market capitalization of $42.16 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 2.12 and a beta of 1.36. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 52 week low of $129.11 and a 52 week high of $184.54. The firm has a 50 day moving average of $150.23 and a 200 day moving average of $150.31.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The business had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business earned $2.58 EPS. On average, sell-side analysts predict that D.R. Horton, Inc. will post 10.6 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s payout ratio is currently 16.87%.

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.