Inceptionr LLC Purchases 5,559 Shares of D.R. Horton, Inc. (NYSE:DHI)

Inceptionr LLC boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 135.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,677 shares of the construction company’s stock after acquiring an additional 5,559 shares during the quarter. Inceptionr LLC’s holdings in D.R. Horton were worth $1,353,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DHI. Mountaineer Partners Management LLC bought a new stake in D.R. Horton during the third quarter worth approximately $1,853,178,000. FMR LLC increased its stake in D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares during the last quarter. Raymond James Financial Inc. bought a new stake in D.R. Horton during the fourth quarter worth approximately $98,720,000. Zurich Insurance Group Ltd FI bought a new stake in D.R. Horton during the third quarter worth approximately $72,672,000. Finally, Proficio Capital Partners LLC increased its stake in D.R. Horton by 22,199.7% during the fourth quarter. Proficio Capital Partners LLC now owns 262,914 shares of the construction company’s stock worth $36,761,000 after acquiring an additional 261,735 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Up 2.8 %

Shares of NYSE DHI opened at $129.47 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm has a market capitalization of $40.80 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.54 and a beta of 1.76. The stock has a 50 day moving average price of $136.65 and a 200 day moving average price of $161.73. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. D.R. Horton’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 earnings per share. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. D.R. Horton’s dividend payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DHI. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Citigroup dropped their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company dropped their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Royal Bank of Canada restated an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, Wedbush restated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.93.

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.