Intellectus Partners LLC Makes New Investment in D.R. Horton, Inc. $DHI

Intellectus Partners LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 7,125 shares of the construction company’s stock, valued at approximately $1,026,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DHI. Integrated Wealth Concepts LLC boosted its position in shares of D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after acquiring an additional 803 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of D.R. Horton by 295.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after acquiring an additional 455 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of D.R. Horton during the 2nd quarter valued at about $302,000. Brown Advisory Inc. boosted its position in shares of D.R. Horton by 3.4% during the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after acquiring an additional 208 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of D.R. Horton by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after acquiring an additional 2,859 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DHI. UBS Group boosted their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings cut shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Royal Bank Of Canada boosted their price target on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group boosted their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Finally, Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Stock Up 1.3%

Shares of DHI opened at $146.45 on Friday. The firm has a market cap of $41.53 billion, a P/E ratio of 13.73, a price-to-earnings-growth ratio of 2.03 and a beta of 1.37. D.R. Horton, Inc. has a 12-month low of $119.54 and a 12-month high of $184.54. The company’s 50-day moving average price is $145.30 and its 200 day moving average price is $149.54. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.09. The firm had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. D.R. Horton’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.58 EPS. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s payout ratio is 16.87%.

About D.R. Horton

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.