Creative Capital Management Investments LLC Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Creative Capital Management Investments LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 450 shares of the construction company’s stock, valued at approximately $63,000.

Several other hedge funds also recently made changes to their positions in DHI. Coastline Trust Co bought a new stake in shares of D.R. Horton during the 3rd quarter valued at $26,000. Rakuten Securities Inc. boosted its stake in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in D.R. Horton in the fourth quarter worth about $30,000. FSA Wealth Management LLC bought a new position in shares of D.R. Horton during the third quarter valued at approximately $47,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $50,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

D.R. Horton stock opened at $130.63 on Tuesday. D.R. Horton, Inc. has a 52-week low of $125.84 and a 52-week high of $199.85. The company has a market cap of $41.16 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.58 and a beta of 1.76. The firm’s fifty day moving average is $141.56 and its 200 day moving average is $165.91. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion for 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 firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 earnings per share. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.22%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on DHI shares. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their price objective for the company from $160.00 to $150.00 in a research report on Monday, January 27th. JMP Securities reiterated a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Evercore ISI dropped their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Citigroup reduced their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, UBS Group dropped their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $170.93.

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.