Vaughan Nelson Investment Management L.P. Has $22.57 Million Stock Position in D.R. Horton, Inc. $DHI

Vaughan Nelson Investment Management L.P. raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 164,503 shares of the construction company’s stock after buying an additional 3,650 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.06% of D.R. Horton worth $22,573,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DHI. Core Wealth Advisors LLC bought a new stake in D.R. Horton in the 4th quarter valued at $25,000. Sound Income Strategies LLC bought a new position in D.R. Horton during the 4th quarter worth about $27,000. Ameriflex Group Inc. acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at about $31,000. Osbon Capital Management LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at about $26,000. Finally, Elevated Capital Advisors LLC bought a new stake in shares of D.R. Horton in the fourth quarter valued at about $27,000. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group increased their price objective on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada raised their price target on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings downgraded shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Citigroup boosted their price objective on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company raised their target price on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Stock Down 1.1%

DHI stock opened at $156.08 on Tuesday. The company has a market cap of $44.26 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 2.21 and a beta of 1.38. D.R. Horton, Inc. has a twelve month low of $122.83 and a twelve month high of $184.54. The business has a 50 day moving average price of $148.71 and a two-hundred day moving average price of $149.86. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion for 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 was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.58 EPS. Analysts anticipate that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio is 16.87%.

D.R. Horton Profile

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.