Bcwm LLC Buys New Shares in D.R. Horton, Inc. (NYSE:DHI)

Bcwm LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 52,818 shares of the construction company’s stock, valued at approximately $7,385,000. D.R. Horton accounts for 2.6% of Bcwm LLC’s portfolio, making the stock its 16th biggest holding.

A number of other hedge funds have also recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth about $30,000. Rosenberg Matthew Hamilton increased its position in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after acquiring an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton in the fourth quarter valued at approximately $38,000. Sierra Ocean LLC purchased a new position in D.R. Horton during the 4th quarter valued at about $43,000. Finally, FSA Wealth Management LLC acquired a new stake in D.R. Horton during the 3rd quarter worth approximately $47,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DHI. Barclays reduced their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Citigroup dropped their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $125.87 on Friday. The firm has a fifty day moving average price of $132.91 and a two-hundred day moving average price of $155.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The company has a market cap of $39.66 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85.

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

D.R. Horton Announces Dividend

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

D.R. Horton Profile

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.