Sterling Capital Management LLC Purchases 59,838 Shares of D.R. Horton, Inc. $DHI

Sterling Capital Management LLC increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 25.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,210 shares of the construction company’s stock after purchasing an additional 59,838 shares during the quarter. Sterling Capital Management LLC owned approximately 0.10% of D.R. Horton worth $40,509,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its stake in D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after acquiring an additional 455 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of D.R. Horton in the 2nd quarter worth approximately $302,000. Brown Advisory Inc. grew its position in D.R. Horton by 3.4% during the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after acquiring an additional 208 shares during the last quarter. Finally, Cerity Partners LLC grew its position in D.R. Horton by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after acquiring an additional 2,859 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DHI shares. Weiss Ratings downgraded D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Royal Bank Of Canada increased their target price on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group raised their target price on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Barclays lifted their price target on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Stock Down 0.3%

NYSE:DHI opened at $166.51 on Friday. The company has a market cap of $47.22 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 2.33 and a beta of 1.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The stock’s fifty day moving average price is $150.29 and its two-hundred day moving average price is $150.01. D.R. Horton, Inc. has a 52-week low of $127.34 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $2.58 EPS. On average, analysts anticipate that D.R. Horton, Inc. will post 10.61 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.