Carret Asset Management LLC Acquires 645 Shares of D.R. Horton, Inc. (NYSE:DHI)

Carret Asset Management LLC raised its position in D.R. Horton, Inc. (NYSE:DHI) by 2.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 28,509 shares of the construction company’s stock after buying an additional 645 shares during the period. Carret Asset Management LLC’s holdings in D.R. Horton were worth $3,624,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. Nemes Rush Group LLC boosted its position in shares of D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after purchasing an additional 82 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $38,000. Itau Unibanco Holding S.A. bought a new stake in D.R. Horton during the 4th quarter worth about $43,000. Oarsman Capital Inc. increased its position in shares of D.R. Horton by 146.7% in the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company’s stock valued at $46,000 after acquiring an additional 198 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in D.R. Horton in the fourth quarter valued at approximately $54,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 1.1%

Shares of NYSE:DHI opened at $121.26 on Friday. The company has a market cap of $37.25 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 3.79 and a beta of 1.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.29 and a quick ratio of 1.15. The firm has a fifty day moving average price of $122.42 and a two-hundred day moving average price of $131.43. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter last year, the company posted $3.52 earnings per share. Analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. D.R. Horton’s dividend payout ratio (DPR) is currently 12.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Royal Bank Of Canada dropped their price target on D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a report on Monday, April 21st. Barclays decreased their target price on shares of D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company dropped their price target on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. decreased their price target on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $151.15.

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.