Blair William & Co. IL Raises Holdings in D.R. Horton, Inc. (NYSE:DHI)

Blair William & Co. IL raised its position in D.R. Horton, Inc. (NYSE:DHI) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,782 shares of the construction company’s stock after purchasing an additional 95 shares during the period. Blair William & Co. IL’s holdings in D.R. Horton were worth $5,143,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DHI. NEOS Investment Management LLC grew its position in D.R. Horton by 30.0% in the fourth quarter. NEOS Investment Management LLC now owns 16,167 shares of the construction company’s stock worth $2,260,000 after acquiring an additional 3,729 shares during the period. UniSuper Management Pty Ltd raised its stake in shares of D.R. Horton by 29.9% in the 4th quarter. UniSuper Management Pty Ltd now owns 24,195 shares of the construction company’s stock valued at $3,383,000 after acquiring an additional 5,567 shares during the period. Elo Mutual Pension Insurance Co lifted its holdings in shares of D.R. Horton by 12.4% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 29,413 shares of the construction company’s stock worth $4,113,000 after acquiring an additional 3,251 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of D.R. Horton by 4.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 467,676 shares of the construction company’s stock worth $65,423,000 after purchasing an additional 19,960 shares during the period. Finally, Florida Financial Advisors LLC increased its holdings in D.R. Horton by 14.9% in the 4th quarter. Florida Financial Advisors LLC now owns 2,803 shares of the construction company’s stock valued at $392,000 after purchasing an additional 363 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $188.00 to $156.00 in a report on Friday, December 13th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group reduced their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada reissued an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, UBS Group reduced their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Down 3.2 %

Shares of NYSE:DHI opened at $125.87 on Monday. The firm has a 50 day simple moving average of $132.91 and a 200-day simple moving average of $154.80. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $39.66 billion, a PE ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion during 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%. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.82 earnings per share. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company 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. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) 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.