D.R. Horton, Inc. $DHI Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 6.4% during the 1st quarter, HoldingsChannel reports. The firm owned 100,573 shares of the construction company’s stock after acquiring an additional 6,058 shares during the quarter. D.A. Davidson & CO.’s holdings in D.R. Horton were worth $13,801,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of DHI. Capital World Investors boosted its position in shares of D.R. Horton by 22.1% in the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after buying an additional 6,695,592 shares during the period. Norges Bank purchased a new stake in shares of D.R. Horton during the 4th quarter valued at about $649,305,000. Boston Partners acquired a new position in D.R. Horton during the 3rd quarter worth approximately $274,784,000. Viking Global Investors LP boosted its holdings in D.R. Horton by 108.3% in the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after acquiring an additional 1,469,978 shares during the period. Finally, Pictet Asset Management Holding SA boosted its holdings in D.R. Horton by 216.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,126,005 shares of the construction company’s stock worth $162,186,000 after acquiring an additional 770,521 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 1.7%

NYSE:DHI opened at $154.19 on Friday. The company has a market cap of $43.72 billion, a PE ratio of 14.45, a P/E/G ratio of 2.12 and a beta of 1.36. The business’s 50 day moving average is $150.51 and its two-hundred day moving average is $150.42. 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, Inc. has a 52 week low of $129.22 and a 52 week high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same period in the previous year, the business earned $2.58 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts predict that D.R. Horton, Inc. will post 10.6 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend 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%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DHI shares. Barclays boosted their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday. UBS Group lifted their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company boosted their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Citigroup upped their price objective on shares of D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada lifted their target price on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 22nd. Five 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $168.62.

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.