Cibc World Markets Corp Buys 6,060 Shares of D.R. Horton, Inc. (NYSE:DHI)

Cibc World Markets Corp lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 15.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 46,066 shares of the construction company’s stock after buying an additional 6,060 shares during the period. Cibc World Markets Corp’s holdings in D.R. Horton were worth $6,441,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DHI. Golden State Wealth Management LLC bought a new stake in D.R. Horton in the fourth quarter valued at $30,000. Rosenberg Matthew Hamilton raised its stake in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton during the 4th quarter valued at $38,000. Sierra Ocean LLC bought a new position in shares of D.R. Horton during the fourth quarter valued at about $43,000. Finally, FSA Wealth Management LLC purchased a new position in shares of D.R. Horton in the 3rd quarter worth approximately $47,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $127.85 on Wednesday. The company’s fifty day moving average price is $134.94 and its 200-day moving average price is $157.98. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm has a market capitalization of $40.29 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.82 earnings per share. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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 $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. D.R. Horton’s payout ratio is presently 11.31%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DHI shares. Wedbush reissued a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Barclays cut their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $170.93.

About D.R. Horton

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.