D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,290 shares of the construction company’s stock after acquiring an additional 387 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in D.R. Horton were worth $1,439,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Private Wealth Partners LLC acquired a new position in shares of D.R. Horton in the 4th quarter worth $503,000. Alberta Investment Management Corp grew its holdings in shares of D.R. Horton by 35.0% in the 4th quarter. Alberta Investment Management Corp now owns 2,700 shares of the construction company’s stock worth $378,000 after acquiring an additional 700 shares during the last quarter. Legacy Solutions LLC acquired a new position in shares of D.R. Horton in the 4th quarter worth $324,000. Lyell Wealth Management LP grew its holdings in shares of D.R. Horton by 1.9% in the 4th quarter. Lyell Wealth Management LP now owns 108,834 shares of the construction company’s stock worth $15,217,000 after acquiring an additional 2,065 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of D.R. Horton by 15.8% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 10,064 shares of the construction company’s stock worth $1,407,000 after acquiring an additional 1,376 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of research analyst reports. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the company from $160.00 to $150.00 in a report on Monday, January 27th. The Goldman Sachs Group lowered their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. UBS Group lowered their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Citigroup lowered their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $188.00 to $156.00 in a report on Friday, December 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $125.92 on Friday. The business’s 50-day moving average price is $138.94 and its two-hundred day moving average price is $164.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The company has a market capitalization of $39.68 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the firm earned $2.82 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. Analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. D.R. Horton’s dividend payout ratio is currently 11.31%.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.