Geode Capital Management LLC Raises Stake in D.R. Horton, Inc. (NYSE:DHI)

Geode Capital Management LLC raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,235,518 shares of the construction company’s stock after buying an additional 127,606 shares during the quarter. Geode Capital Management LLC owned about 2.30% of D.R. Horton worth $1,009,077,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nemes Rush Group LLC increased its holdings in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after buying an additional 82 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in D.R. Horton during the fourth quarter worth about $30,000. Rosenberg Matthew Hamilton boosted its holdings in shares of D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at about $38,000. Finally, Sierra Ocean LLC purchased a new position in shares of D.R. Horton during the 4th quarter valued at about $43,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Up 0.5 %

NYSE:DHI opened at $128.07 on Thursday. The stock has a market cap of $40.36 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 0.54 and a beta of 1.80. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average price is $131.79 and its 200-day moving average price is $153.71. D.R. Horton, Inc. has a 52 week low of $123.40 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS 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 business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the business posted $2.82 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays decreased their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. The Goldman Sachs Group cut their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Royal Bank of Canada reiterated an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, Citigroup decreased their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $170.93.

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.