Grantham Mayo Van Otterloo & Co. LLC Buys 151,188 Shares of D.R. Horton, Inc. (NYSE:DHI)

Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 150.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 251,942 shares of the construction company’s stock after purchasing an additional 151,188 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.08% of D.R. Horton worth $35,227,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Nemes Rush Group LLC boosted its stake in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after acquiring an additional 82 shares during the period. Golden State Wealth Management LLC purchased a new position in D.R. Horton in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton in the 4th quarter worth approximately $38,000. Rosenberg Matthew Hamilton grew its holdings in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of D.R. Horton in the fourth quarter worth $43,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DHI. The Goldman Sachs Group reduced their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays decreased their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Wells Fargo & Company cut their target price 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. JMP Securities reaffirmed a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Wedbush reissued a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Two research 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, the stock presently has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Performance

D.R. Horton stock opened at $127.67 on Friday. D.R. Horton, Inc. has a 1-year low of $118.00 and a 1-year high of $199.85. The company’s 50-day moving average is $131.02 and its 200 day moving average is $152.73. The firm has a market capitalization of $40.23 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. 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 results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $2.82 EPS. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued 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 of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is presently 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.