Catalytic Wealth RIA LLC Acquires 83 Shares of D.R. Horton, Inc. (NYSE:DHI)

Catalytic Wealth RIA LLC raised its position in D.R. Horton, Inc. (NYSE:DHI) by 2.2% during the third quarter, Holdings Channel reports. The firm owned 3,861 shares of the construction company’s stock after purchasing an additional 83 shares during the period. Catalytic Wealth RIA LLC’s holdings in D.R. Horton were worth $737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bfsg LLC raised its holdings in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares during the last quarter. Grove Bank & Trust raised its holdings in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after buying an additional 93 shares during the last quarter. Signature Resources Capital Management LLC bought a new stake in shares of D.R. Horton in the 2nd quarter worth $31,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth $50,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.8 %

DHI stock opened at $167.51 on Tuesday. D.R. Horton, Inc. has a 1-year low of $121.16 and a 1-year high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The company has a market capitalization of $54.58 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 0.57 and a beta of 1.74. The business has a 50 day simple moving average of $184.62 and a two-hundred day simple moving average of $166.44.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.45 earnings per share. Research analysts anticipate that D.R. Horton, Inc. will post 15.01 EPS for the current fiscal year.

D.R. Horton announced that its board has authorized a share repurchase program on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 6.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be given a $0.40 dividend. The ex-dividend date is Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. BTIG Research reduced their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays reduced their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company reduced their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, UBS Group reduced their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $185.87.

About D.R. Horton

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.