D.R. Horton, Inc. $DHI Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 21.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,534 shares of the construction company’s stock after acquiring an additional 5,664 shares during the quarter. Ritholtz Wealth Management’s holdings in D.R. Horton were worth $4,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in DHI. Capital World Investors raised its holdings in shares of D.R. Horton by 159.8% in the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after purchasing an additional 18,607,545 shares in the last quarter. Norges Bank bought a new stake in D.R. Horton during the fourth quarter worth approximately $649,305,000. Capital International Investors acquired a new position in D.R. Horton in the third quarter worth approximately $395,179,000. Boston Partners acquired a new position in D.R. Horton in the third quarter worth approximately $274,784,000. Finally, Viking Global Investors LP increased its holdings 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 valued at $364,461,000 after buying an additional 1,469,978 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI opened at $166.69 on Friday. The company has a market capitalization of $47.27 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 2.33 and a beta of 1.37. D.R. Horton, Inc. has a fifty-two week low of $125.04 and a fifty-two week high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The business’s 50-day moving average is $149.85 and its 200-day moving average is $149.90.

D.R. Horton (NYSE:DHI) last posted its quarterly 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. 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 period last year, the company posted $2.58 earnings per share. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities research analysts expect that D.R. Horton, Inc. will post 10.61 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were given a $0.45 dividend. The ex-dividend date 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 is presently 16.87%.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price objective on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. The Goldman Sachs Group upped their target price on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. UBS Group increased their price target on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company boosted their price objective on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $168.54.

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.