Chase Investment Counsel Corp Grows Position in D.R. Horton, Inc. (NYSE:DHI)

Chase Investment Counsel Corp raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 28.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,800 shares of the construction company’s stock after buying an additional 2,400 shares during the quarter. Chase Investment Counsel Corp’s holdings in D.R. Horton were worth $1,510,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Metis Global Partners LLC lifted its position in shares of D.R. Horton by 6.8% during the fourth quarter. Metis Global Partners LLC now owns 11,960 shares of the construction company’s stock valued at $1,672,000 after buying an additional 766 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of D.R. Horton by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 237,959 shares of the construction company’s stock valued at $33,271,000 after buying an additional 5,327 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of D.R. Horton during the fourth quarter valued at about $941,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its position in shares of D.R. Horton by 18.2% during the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,300 shares of the construction company’s stock valued at $182,000 after buying an additional 200 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in shares of D.R. Horton during the fourth quarter valued at about $205,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on DHI. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Wells Fargo & Company cut their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. UBS Group cut their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. 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. Finally, Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $126.59 on Friday. The stock has a market capitalization of $39.89 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The firm’s 50 day simple moving average is $137.48 and its 200-day simple moving average is $162.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

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

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. D.R. Horton’s payout ratio is 11.31%.

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.