Westerkirk Capital Inc. Boosts Stock Holdings in D.R. Horton, Inc. $DHI

Westerkirk Capital Inc. raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 49.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,404 shares of the construction company’s stock after buying an additional 10,769 shares during the period. Westerkirk Capital Inc.’s holdings in D.R. Horton were worth $4,667,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DHI. Integrated Wealth Concepts LLC boosted its position in D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after buying an additional 803 shares during the period. Geneos Wealth Management Inc. boosted its position in D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after buying an additional 455 shares during the period. Sivia Capital Partners LLC purchased a new stake in D.R. Horton during the second quarter valued at about $302,000. Brown Advisory Inc. boosted its position in D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after buying an additional 208 shares during the period. Finally, Cerity Partners LLC boosted its position in D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after buying an additional 2,859 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of analyst reports. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. The Goldman Sachs Group increased their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Barclays increased their target price on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Wells Fargo & Company increased their target price on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $144.41 on Tuesday. D.R. Horton, Inc. has a fifty-two week low of $119.54 and a fifty-two week high of $184.54. The company has a 50 day simple moving average of $145.63 and a two-hundred day simple moving average of $149.65. The company has a market capitalization of $40.95 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 2.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter last year, the firm earned $2.58 earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

D.R. Horton Company Profile

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.