Huntington National Bank Purchases 769 Shares of D.R. Horton, Inc. (NYSE:DHI)

Huntington National Bank increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,537 shares of the construction company’s stock after buying an additional 769 shares during the period. Huntington National Bank’s holdings in D.R. Horton were worth $4,549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DHI. Mountaineer Partners Management LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at about $1,853,178,000. Norges Bank acquired a new stake in D.R. Horton in the 4th quarter valued at approximately $593,363,000. Franklin Resources Inc. lifted its holdings in shares of D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock worth $499,774,000 after buying an additional 1,490,648 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $98,720,000. Finally, Amundi boosted its holdings in D.R. Horton by 69.1% in the 4th quarter. Amundi now owns 1,358,213 shares of the construction company’s stock valued at $190,014,000 after purchasing an additional 555,122 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Price Performance

D.R. Horton stock opened at $128.07 on Thursday. The business’s 50-day simple moving average is $131.79 and its 200 day simple moving average is $153.71. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a market cap of $40.36 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 12-month low of $123.40 and a 12-month high of $199.85.

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

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Analyst Upgrades and Downgrades

DHI has been the subject of several research reports. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their target price for the company from $160.00 to $150.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Wedbush restated a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Finally, Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $170.93.

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.