Sagespring Wealth Partners LLC Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Sagespring Wealth Partners LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,588 shares of the construction company’s stock, valued at approximately $362,000.

A number of other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. raised its position in D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after purchasing an additional 120,892 shares during the period. Passumpsic Savings Bank bought a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $2,466,000. Virtu Financial LLC bought a new stake in D.R. Horton in the third quarter worth $2,942,000. Morse Asset Management Inc boosted its stake in D.R. Horton by 11.5% during the third quarter. Morse Asset Management Inc now owns 17,763 shares of the construction company’s stock worth $3,389,000 after buying an additional 1,835 shares during the period. Finally, SkyView Investment Advisors LLC increased its position in D.R. Horton by 3.8% during the third quarter. SkyView Investment Advisors LLC now owns 5,463 shares of the construction company’s stock valued at $1,042,000 after acquiring an additional 198 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DHI. Barclays cut their price target on shares of D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Citigroup dropped their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. UBS Group reduced their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, JMP Securities reiterated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $168.07.

D.R. Horton Price Performance

Shares of DHI stock opened at $119.88 on Wednesday. The stock’s 50-day moving average is $127.00 and its 200 day moving average is $148.45. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. 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 $37.78 billion, a P/E ratio of 8.47, a PEG ratio of 0.54 and a beta of 1.61.

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, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the firm earned $2.82 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. D.R. Horton’s dividend payout ratio is presently 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.