SteelPeak Wealth LLC Increases Position in D.R. Horton, Inc. $DHI

SteelPeak Wealth LLC grew its position in D.R. Horton, Inc. (NYSE:DHI) by 46.5% during the first quarter, Holdings Channel.com reports. The firm owned 27,015 shares of the construction company’s stock after acquiring an additional 8,576 shares during the period. SteelPeak Wealth LLC’s holdings in D.R. Horton were worth $3,707,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DHI. Merit Financial Group LLC raised its position in shares of D.R. Horton by 25.6% during the 4th quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after acquiring an additional 3,726 shares in the last quarter. Nordea Investment Management AB boosted its holdings in D.R. Horton by 41.5% in the fourth quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock valued at $179,428,000 after purchasing an additional 363,573 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in D.R. Horton by 1.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 569,423 shares of the construction company’s stock valued at $82,253,000 after purchasing an additional 9,765 shares during the last quarter. AIA Group Ltd increased its stake in D.R. Horton by 139.8% in the third quarter. AIA Group Ltd now owns 22,511 shares of the construction company’s stock valued at $3,815,000 after purchasing an additional 13,125 shares during the last quarter. Finally, Overbrook Management Corp acquired a new stake in D.R. Horton during the fourth quarter worth approximately $12,571,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DHI shares. The Goldman Sachs Group boosted their price objective on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. 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. UBS Group upped their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company raised their price objective on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $168.62.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $154.19 on Friday. The firm’s fifty day simple moving average is $150.51 and its 200-day simple moving average is $150.42. D.R. Horton, Inc. has a 12 month low of $129.22 and a 12 month high of $184.54. The stock has a market capitalization of $43.72 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 2.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97.

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, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $2.58 EPS. As a group, equities analysts forecast that D.R. Horton, Inc. will post 10.6 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given 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%.

D.R. Horton 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.