Ritholtz Wealth Management Grows Stake in D.R. Horton, Inc. $DHI

Ritholtz Wealth Management boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 70.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,831 shares of the construction company’s stock after acquiring an additional 4,064 shares during the quarter. Ritholtz Wealth Management’s holdings in D.R. Horton were worth $1,666,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DHI. Norges Bank bought a new position in shares of D.R. Horton during the 2nd quarter valued at approximately $494,278,000. Berkshire Hathaway Inc purchased a new position in D.R. Horton during the second quarter worth $191,491,000. Viking Global Investors LP increased its position in D.R. Horton by 108.3% during 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 acquiring an additional 1,469,978 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of D.R. Horton by 42.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock valued at $378,628,000 after acquiring an additional 846,085 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of D.R. Horton by 136.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,073,583 shares of the construction company’s stock worth $137,934,000 after acquiring an additional 619,509 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DHI has been the topic of several analyst reports. Keefe, Bruyette & Woods cut their price target on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a report on Wednesday, October 29th. Barclays boosted their target price on D.R. Horton from $110.00 to $132.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. Evercore ISI set a $169.00 price target on D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. Citigroup dropped their price objective on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of D.R. Horton in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $161.62.

D.R. Horton Stock Down 3.1%

Shares of NYSE DHI opened at $156.02 on Monday. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The firm has a market capitalization of $45.42 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.87 and a beta of 1.42. The stock has a 50 day moving average price of $150.16 and a 200 day moving average price of $154.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The firm had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.44 billion. During the same period last year, the firm earned $3.92 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, November 13th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s dividend payout ratio (DPR) is currently 15.53%.

About D.R. Horton

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.