Laffer Tengler Investments Inc. Buys New Stake in D.R. Horton, Inc. $DHI

Laffer Tengler Investments Inc. bought a new position in D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 32,328 shares of the construction company’s stock, valued at approximately $5,479,000.

Other hedge funds also recently bought and sold shares of the company. Winnow Wealth LLC bought a new position in D.R. Horton during the 3rd quarter worth $960,000. Berkshire Hathaway Inc acquired a new stake in shares of D.R. Horton during the 2nd quarter worth $191,491,000. Mediolanum International Funds Ltd grew its holdings in shares of D.R. Horton by 96.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock worth $25,670,000 after purchasing an additional 74,266 shares in the last quarter. Trinity Street Asset Management LLP bought a new position in shares of D.R. Horton in the third quarter worth $25,140,000. Finally, Peterson Wealth Services raised its stake in D.R. Horton by 941.4% in the third quarter. Peterson Wealth Services now owns 10,862 shares of the construction company’s stock valued at $1,841,000 after purchasing an additional 9,819 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DHI shares. Argus increased their price objective on shares of D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a research report on Wednesday, January 7th. Zacks Research downgraded shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Barclays cut their target price on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $159.93.

Insider Activity

In related news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.66% of the stock is owned by corporate insiders.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $152.64 on Wednesday. The company’s 50 day moving average price is $154.91 and its two-hundred day moving average price is $157.57. The firm has a market capitalization of $44.22 billion, a P/E ratio of 13.86, a P/E/G ratio of 2.38 and a beta of 1.43. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the prior year, the business earned $2.61 earnings per share. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 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, February 12th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s payout ratio is 16.35%.

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.