Townsend & Associates Inc Raises Position in D.R. Horton, Inc. (NYSE:DHI)

Townsend & Associates Inc raised its holdings in D.R. Horton, Inc. (NYSE:DHIFree Report) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,287 shares of the construction company’s stock after buying an additional 275 shares during the period. Townsend & Associates Inc’s holdings in D.R. Horton were worth $12,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. Coastline Trust Co purchased a new position in D.R. Horton in the 3rd quarter valued at approximately $26,000. Golden State Wealth Management LLC purchased a new position in D.R. Horton in the 4th quarter valued at approximately $30,000. Rakuten Securities Inc. boosted its position in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares during the period. Rosenberg Matthew Hamilton boosted its position in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares during the period. Finally, Sierra Ocean LLC purchased a new position in D.R. Horton in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $125.92 on Friday. The company’s fifty day moving average price is $138.94 and its 200 day moving average price is $164.31. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm has a market capitalization of $39.68 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.76.

D.R. Horton (NYSE:DHIGet Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. D.R. Horton’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.82 earnings per share. As a group, sell-side 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. D.R. Horton’s dividend payout ratio is presently 11.31%.

Wall Street Analyst Weigh In

DHI has been the subject of several recent research reports. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Evercore ISI reduced their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. 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 company from $200.00 to $183.00 in a report on Tuesday, December 10th. Finally, Barclays reduced their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $170.93.

View Our Latest Research Report on D.R. Horton

D.R. Horton Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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