Catalyst Financial Partners LLC Acquires Shares of 1,133 D.R. Horton, Inc. (NYSE:DHI)

Catalyst Financial Partners LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,133 shares of the construction company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TCI Wealth Advisors Inc. increased its holdings in D.R. Horton by 4.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after purchasing an additional 58 shares during the period. Premier Path Wealth Partners LLC grew its holdings in D.R. Horton by 1.0% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after acquiring an additional 59 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of D.R. Horton by 1.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock worth $739,000 after purchasing an additional 60 shares during the period. Whittier Trust Co. raised its stake in D.R. Horton by 1.7% in the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after buying an additional 63 shares in the last quarter. Finally, Values First Advisors Inc. lifted its holdings in D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock worth $1,251,000 after buying an additional 66 shares during the period. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Bank of America increased their price objective on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Citigroup dropped their price target on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday. BTIG Research cut their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Finally, UBS Group decreased 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 report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Moderate Buy” and an average target price of $185.33.

D.R. Horton Stock Down 0.2 %

Shares of DHI stock opened at $169.00 on Friday. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a twelve month low of $102.23 and a twelve month high of $199.85. The stock has a 50 day moving average of $186.95 and a 200 day moving average of $165.18. The stock has a market cap of $55.07 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.78 and a beta of 1.72.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.20 by ($0.28). D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period last year, the company posted $4.45 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is currently 11.14%.

D.R. Horton announced that its board has approved a share buyback plan on Thursday, July 18th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

D.R. Horton 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.