Catalina Capital Group LLC Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Catalina Capital Group LLC purchased a new position in D.R. Horton, Inc. (NYSE:DHI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,533 shares of the construction company’s stock, valued at approximately $292,000.

A number of other institutional investors have also bought and sold shares of DHI. TCI Wealth Advisors Inc. boosted its holdings in shares of D.R. Horton by 4.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after purchasing an additional 58 shares during the last quarter. Premier Path Wealth Partners LLC boosted its holdings in shares of D.R. Horton by 1.0% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after purchasing an additional 59 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of D.R. Horton by 1.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after purchasing an additional 60 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of D.R. Horton by 1.7% during the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after purchasing an additional 63 shares during the last quarter. Finally, Values First Advisors Inc. boosted its holdings in shares of D.R. Horton by 0.7% during the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. BTIG Research dropped their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a report on Tuesday, October 15th. Barclays lowered their price target on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. increased their price target on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a report on Monday. Finally, Wells Fargo & Company lowered their price target on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $185.87.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $166.70 on Thursday. The firm has a market cap of $54.32 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 0.56 and a beta of 1.74. The firm’s 50 day simple moving average is $185.40 and its 200-day simple moving average is $165.98. D.R. Horton, Inc. has a one year low of $118.07 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the business posted $4.45 earnings per share. As a group, equities analysts predict that D.R. Horton, Inc. will post 15.64 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.96%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is presently 8.36%.

D.R. Horton declared that its Board of Directors has initiated a stock buyback plan on Thursday, July 18th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 6.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.