Investment House LLC Increases Position in D.R. Horton, Inc. (NYSE:DHI)

Investment House LLC raised its position in D.R. Horton, Inc. (NYSE:DHI) by 109.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,846 shares of the construction company’s stock after buying an additional 26,582 shares during the period. Investment House LLC’s holdings in D.R. Horton were worth $7,109,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DHI. Mountaineer Partners Management LLC acquired a new stake in D.R. Horton in the 3rd quarter worth about $1,853,178,000. FMR LLC boosted its holdings in D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after buying an additional 2,442,581 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in D.R. Horton in the 4th quarter worth about $98,720,000. 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 worth $190,014,000 after buying an additional 555,122 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in D.R. Horton in the 3rd quarter worth about $72,672,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Citigroup lowered their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. JMP Securities restated a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Finally, Wedbush restated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Trading Up 0.6 %

DHI opened at $127.85 on Wednesday. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The stock has a market capitalization of $40.29 billion, a PE ratio of 9.04, a P/E/G ratio of 0.54 and a beta of 1.80. The business’s 50 day moving average price is $134.94 and its 200 day moving average price is $157.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 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 firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the firm posted $2.82 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

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

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.