Fisher Funds Management LTD Invests $5.35 Million in D.R. Horton, Inc. (NYSE:DHI)

Fisher Funds Management LTD bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 38,242 shares of the construction company’s stock, valued at approximately $5,353,000.

Other large investors also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC increased its holdings in D.R. Horton by 25.6% in the 4th quarter. Transcend Capital Advisors LLC now owns 3,825 shares of the construction company’s stock valued at $535,000 after acquiring an additional 779 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of D.R. Horton by 3.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 10,290 shares of the construction company’s stock worth $1,439,000 after purchasing an additional 387 shares during the period. Private Wealth Partners LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at approximately $503,000. Alberta Investment Management Corp raised its holdings in D.R. Horton by 35.0% during the 4th quarter. Alberta Investment Management Corp now owns 2,700 shares of the construction company’s stock valued at $378,000 after buying an additional 700 shares during the period. Finally, Legacy Solutions LLC bought a new stake in D.R. Horton in the fourth quarter worth $324,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of DHI opened at $125.92 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company has a 50 day moving average price of $138.94 and a 200-day moving average price of $164.31. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The stock has a market capitalization of $39.68 billion, a PE ratio of 8.90, a PEG ratio of 0.54 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. D.R. Horton’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 earnings per share. Equities analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DHI. Wells Fargo & Company cut their price objective on shares of 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. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. The Goldman Sachs Group cut their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton 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.