D.R. Horton, Inc. $DHI Position Raised by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 14.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,204,455 shares of the construction company’s stock after purchasing an additional 155,703 shares during the period. Pacer Advisors Inc.’s holdings in D.R. Horton were worth $173,478,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DHI. Kera Capital Partners Inc. bought a new position in D.R. Horton during the fourth quarter valued at about $213,000. Virtu Financial LLC bought a new stake in D.R. Horton in the fourth quarter worth about $928,000. MV Capital Management Inc. bought a new stake in D.R. Horton in the fourth quarter worth about $188,000. Sunbelt Securities Inc. lifted its holdings in D.R. Horton by 9.7% in the 4th quarter. Sunbelt Securities Inc. now owns 5,181 shares of the construction company’s stock valued at $746,000 after acquiring an additional 459 shares during the last quarter. Finally, Wick Capital Partners LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at about $164,000. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DHI. Royal Bank Of Canada lifted their price objective on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. The Goldman Sachs Group lifted their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Citigroup upped their price target on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, Barclays increased their price objective 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 analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Price Performance

NYSE DHI opened at $157.69 on Friday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 1 year low of $121.38 and a 1 year high of $184.54. The company has a market cap of $44.72 billion, a PE ratio of 14.78, a PEG ratio of 2.14 and a beta of 1.37. The stock’s 50-day moving average price is $148.16 and its two-hundred day moving average price is $149.88.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during 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 business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the company posted $2.58 earnings per share. On average, analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a $0.45 dividend. 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 1.1%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

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.