Raymond James Financial Inc. Takes Position in D.R. Horton, Inc. (NYSE:DHI)

Raymond James Financial Inc. acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 706,054 shares of the construction company’s stock, valued at approximately $98,720,000. Raymond James Financial Inc. owned approximately 0.22% of D.R. Horton at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Covestor Ltd lifted its stake in D.R. Horton by 6.6% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after acquiring an additional 66 shares in the last quarter. Insigneo Advisory Services LLC lifted its stake in D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after acquiring an additional 67 shares in the last quarter. Demars Financial Group LLC lifted its stake in D.R. Horton by 3.5% in the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after acquiring an additional 74 shares in the last quarter. Private Trust Co. NA lifted its stake in D.R. Horton by 1.0% in the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after acquiring an additional 78 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in D.R. Horton by 5.5% in the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock worth $229,000 after acquiring an additional 82 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DHI shares. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Wedbush reaffirmed a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. UBS Group dropped their target price 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. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Finally, Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Two equities 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $133.42 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm has a market cap of $42.04 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 0.54 and a beta of 1.80. The business’s 50-day simple moving average is $136.37 and its 200-day simple moving average is $161.08. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the company earned $2.82 EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors 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 annualized dividend and a yield of 1.20%. 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.