Nemes Rush Group LLC Has $20.94 Million Stock Position in D.R. Horton, Inc. $DHI

Nemes Rush Group LLC boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 123,548 shares of the construction company’s stock after purchasing an additional 8,109 shares during the period. D.R. Horton comprises about 2.1% of Nemes Rush Group LLC’s investment portfolio, making the stock its 12th biggest position. Nemes Rush Group LLC’s holdings in D.R. Horton were worth $20,938,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Winnow Wealth LLC bought a new stake in shares of D.R. Horton during the third quarter worth $960,000. Berkshire Hathaway Inc acquired a new stake in D.R. Horton in the second quarter worth about $191,491,000. Mediolanum International Funds Ltd raised its holdings in 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 during the last quarter. Arete Wealth Advisors LLC acquired a new position in D.R. Horton during the 3rd quarter valued at about $946,000. Finally, Trinity Street Asset Management LLP bought a new position in shares of D.R. Horton in the 3rd quarter valued at about $25,140,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DHI shares. The Goldman Sachs Group restated a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a report on Tuesday, January 13th. Citigroup cut their price target on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Argus upped their price objective on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $155.00 target price (down from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $159.93.

Insider Transactions at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.66% of the company’s stock.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $145.27 on Wednesday. The stock’s fifty day simple moving average is $155.15 and its 200 day simple moving average is $156.97. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $42.09 billion, a PE ratio of 13.19, a PEG ratio of 2.28 and a beta of 1.43. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the previous year, the firm earned $2.61 earnings per share. The company’s revenue was down 9.5% on a year-over-year basis. On average, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were given a $0.45 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s payout ratio is currently 16.35%.

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.