Elo Mutual Pension Insurance Co Buys 3,251 Shares of D.R. Horton, Inc. (NYSE:DHI)

Elo Mutual Pension Insurance Co increased its position in D.R. Horton, Inc. (NYSE:DHI) by 12.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 29,413 shares of the construction company’s stock after acquiring an additional 3,251 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in D.R. Horton were worth $4,113,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DHI. Principal Financial Group Inc. boosted its stake in D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after buying an additional 120,892 shares during the period. Avestar Capital LLC purchased a new stake in shares of D.R. Horton in the 3rd quarter valued at about $229,000. Townsquare Capital LLC grew its holdings in shares of D.R. Horton by 36.5% during the third quarter. Townsquare Capital LLC now owns 7,698 shares of the construction company’s stock worth $1,469,000 after purchasing an additional 2,057 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in shares of D.R. Horton by 2.6% during the third quarter. Glenmede Trust Co. NA now owns 10,206 shares of the construction company’s stock worth $1,947,000 after purchasing an additional 262 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in D.R. Horton in the third quarter valued at approximately $4,617,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 3.2 %

Shares of NYSE:DHI opened at $125.87 on Friday. The stock’s 50-day moving average is $132.91 and its 200 day moving average is $155.24. The company has a market cap of $39.66 billion, a PE ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (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 firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the firm earned $2.82 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. D.R. Horton’s dividend payout ratio is 11.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DHI shares. Royal Bank of Canada reissued an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Barclays decreased their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Company 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.