Private Wealth Partners LLC Makes New $1.07 Million Investment in D.R. Horton, Inc. $DHI

Private Wealth Partners LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,305 shares of the construction company’s stock, valued at approximately $1,069,000.

Several other institutional investors have also recently made changes to their positions in the business. SteelPeak Wealth LLC boosted its position in shares of D.R. Horton by 65.9% during the second quarter. SteelPeak Wealth LLC now owns 10,051 shares of the construction company’s stock valued at $1,296,000 after buying an additional 3,993 shares during the period. Berkshire Hathaway Inc purchased a new position in D.R. Horton during the 2nd quarter valued at $191,491,000. Trinity Street Asset Management LLP bought a new position in D.R. Horton in the 3rd quarter valued at $25,140,000. Nordea Investment Management AB increased its stake in D.R. Horton by 17.0% in the third quarter. Nordea Investment Management AB now owns 875,743 shares of the construction company’s stock worth $146,538,000 after purchasing an additional 127,553 shares during the period. Finally, RoundAngle Advisors LLC bought a new stake in shares of D.R. Horton during the third quarter worth $1,703,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 1.1%

Shares of NYSE DHI opened at $148.82 on Friday. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The stock’s fifty day simple moving average is $152.19 and its two-hundred day simple moving average is $155.60. The stock has a market capitalization of $43.11 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 2.32 and a beta of 1.42. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $6.66 billion. During the same period in the previous year, the company posted $2.61 EPS. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, February 5th. 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 16.35%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 29th. Citigroup dropped their target price on shares of 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. Wells Fargo & Company set a $158.00 price target on shares of D.R. Horton in a research note on Wednesday, January 21st. Zacks Research cut D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Finally, Argus lifted their target price on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Five 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 stock presently has a consensus rating of “Hold” and a consensus target price of $160.50.

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.