Stamos Capital Partners L.P. Has $1.50 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Stamos Capital Partners L.P. raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 181.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,760 shares of the construction company’s stock after buying an additional 6,940 shares during the period. Stamos Capital Partners L.P.’s holdings in D.R. Horton were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after purchasing an additional 120,892 shares during the last quarter. Passumpsic Savings Bank bought a new position in shares of D.R. Horton in the third quarter valued at about $2,466,000. Virtu Financial LLC acquired a new position in D.R. Horton during the 3rd quarter worth about $2,942,000. Morse Asset Management Inc grew its holdings in D.R. Horton by 11.5% during the 3rd quarter. Morse Asset Management Inc now owns 17,763 shares of the construction company’s stock worth $3,389,000 after acquiring an additional 1,835 shares during the last quarter. Finally, SkyView Investment Advisors LLC increased its position in D.R. Horton by 3.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,463 shares of the construction company’s stock valued at $1,042,000 after acquiring an additional 198 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the topic of a number of recent research reports. Wedbush reiterated a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Barclays dropped their price objective on D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, Citigroup dropped their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $169.14.

D.R. Horton Trading Up 1.6 %

DHI opened at $119.74 on Friday. The stock has a market capitalization of $37.73 billion, a P/E ratio of 8.46, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The firm’s fifty day simple moving average is $127.68 and its 200 day simple moving average is $149.41.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the firm earned $2.82 EPS. D.R. Horton’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

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.