Price T Rowe Associates Inc. MD Grows Stake in D.R. Horton, Inc. (NYSE:DHI)

Price T Rowe Associates Inc. MD lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 416,202 shares of the construction company’s stock after buying an additional 4,570 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.13% of D.R. Horton worth $58,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of DHI. Allworth Financial LP raised its holdings in D.R. Horton by 5.5% in the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock worth $229,000 after purchasing an additional 82 shares during the period. Nemes Rush Group LLC raised its holdings in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after purchasing an additional 82 shares during the period. Secure Asset Management LLC raised its holdings in D.R. Horton by 4.8% in the 4th quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock worth $257,000 after purchasing an additional 84 shares during the period. Horizon Investments LLC raised its holdings in D.R. Horton by 1.7% in the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock worth $767,000 after purchasing an additional 91 shares during the period. Finally, Bfsg LLC raised its holdings in D.R. Horton by 24.4% in the 4th quarter. Bfsg LLC now owns 484 shares of the construction company’s stock worth $68,000 after purchasing an additional 95 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 0.5 %

Shares of DHI opened at $125.16 on Tuesday. The business’s 50 day simple moving average is $125.84 and its 200-day simple moving average is $144.15. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The stock has a market capitalization of $38.45 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. 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 (NYSE:DHI) last released its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $8.07 billion. During the same quarter in the previous year, the business earned $3.52 EPS. As a group, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, May 2nd. D.R. Horton’s payout ratio is 12.11%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DHI. The Goldman Sachs Group decreased their target price on D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. JMP Securities decreased their price target on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a report on Monday, April 21st. UBS Group decreased their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Barclays decreased their price target on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. decreased their price target on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a report on Monday, April 21st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $151.15.

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.