Diversify Wealth Management LLC Makes New Investment in D.R. Horton, Inc. $DHI

Diversify Wealth Management LLC purchased a new position in D.R. Horton, Inc. (NYSE:DHI) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,974 shares of the construction company’s stock, valued at approximately $754,000.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp grew its stake in D.R. Horton by 81.3% in the first quarter. Fifth Third Bancorp now owns 92,259 shares of the construction company’s stock worth $12,660,000 after purchasing an additional 41,365 shares during the period. Simplicity Wealth LLC bought a new stake in D.R. Horton during the 1st quarter valued at about $204,000. Candriam S.C.A. increased its holdings in shares of D.R. Horton by 101.4% in the 1st quarter. Candriam S.C.A. now owns 32,232 shares of the construction company’s stock worth $4,423,000 after purchasing an additional 16,225 shares in the last quarter. Fulcrum Capital LLC raised its position in D.R. Horton by 1.1% in the 1st quarter. Fulcrum Capital LLC now owns 46,807 shares of the construction company’s stock worth $6,423,000 after buying an additional 502 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in D.R. Horton during the 1st quarter valued at $404,000. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the subject of several research reports. The Goldman Sachs Group upped their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Weiss Ratings downgraded shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Finally, UBS Group upped their price objective 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. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $168.62.

D.R. Horton Stock Performance

DHI stock opened at $154.19 on Friday. D.R. Horton, Inc. has a 1-year low of $129.22 and a 1-year 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 company has a market capitalization of $43.72 billion, a P/E ratio of 14.45, a PEG ratio of 2.12 and a beta of 1.36. The business has a 50-day moving average price of $150.51 and a 200 day moving average price of $150.42.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The firm had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $2.58 earnings per share. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 10.6 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given 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 dividend yield of 1.2%. D.R. Horton’s payout ratio is presently 16.87%.

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.