Freestone Capital Holdings LLC Increases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Freestone Capital Holdings LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,737 shares of the construction company’s stock after buying an additional 331 shares during the quarter. Freestone Capital Holdings LLC’s holdings in D.R. Horton were worth $4,298,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at about $1,853,178,000. FMR LLC increased its holdings in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC increased its holdings in D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after purchasing an additional 21,073 shares during the last quarter. Smead Capital Management Inc. increased its holdings in D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after purchasing an additional 84,835 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in D.R. Horton by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock worth $259,857,000 after purchasing an additional 47,678 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 2.8 %

NYSE:DHI opened at $129.47 on Thursday. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The firm has a market capitalization of $40.80 billion, a P/E ratio of 9.15, a P/E/G ratio of 0.54 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The business has a 50 day simple moving average of $136.65 and a 200 day simple moving average of $161.73.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given 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 (DPR) is presently 11.31%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DHI shares. Royal Bank of Canada restated an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. JMP Securities restated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. The Goldman Sachs Group decreased their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Wedbush reiterated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.