Delphi Management Inc. MA Purchases 583 Shares of D.R. Horton, Inc. (NYSE:DHI)

Delphi Management Inc. MA increased its position in D.R. Horton, Inc. (NYSE:DHI) by 6.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 9,016 shares of the construction company’s stock after acquiring an additional 583 shares during the quarter. Delphi Management Inc. MA’s holdings in D.R. Horton were worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Nemes Rush Group LLC grew its holdings in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after acquiring an additional 82 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton in the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton in the fourth quarter worth $38,000. Sierra Ocean LLC bought a new stake in shares of D.R. Horton in the fourth quarter worth $43,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of D.R. Horton in the fourth quarter worth $43,000. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on DHI shares. Barclays cut their price objective on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday, April 21st. The Goldman Sachs Group lowered their target price on D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Royal Bank of Canada lowered their target price on D.R. Horton from $125.00 to $105.00 and set an “underperform” rating on the stock in a research report on Monday, April 21st. JMP Securities lowered their target price on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a research report on Monday, April 21st. Finally, Wells Fargo & Company lowered their target price on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $151.15.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $117.95 on Friday. The stock’s 50-day simple moving average is $122.76 and its 200-day simple moving average is $135.59. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a market capitalization of $36.23 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.54 and a beta of 1.45. 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 announced its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $8.07 billion. During the same quarter in the previous year, the firm earned $3.52 earnings per share. As a group, analysts expect 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, May 9th. Stockholders of record on Friday, May 2nd were given a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. D.R. Horton’s payout ratio is 12.11%.

D.R. Horton Company 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.