Zions Bancorporation N.A. Has $448,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Zions Bancorporation N.A. raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 49.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,206 shares of the construction company’s stock after purchasing an additional 1,067 shares during the quarter. Zions Bancorporation N.A.’s holdings in D.R. Horton were worth $448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth about $30,000. FSA Wealth Management LLC bought a new position in D.R. Horton in the 3rd quarter valued at about $47,000. Kohmann Bosshard Financial Services LLC acquired a new stake in D.R. Horton during the fourth quarter worth approximately $38,000. Rosenberg Matthew Hamilton boosted its holdings in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares during the period. Finally, Sierra Ocean LLC acquired a new position in shares of D.R. Horton in the fourth quarter valued at approximately $43,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

NYSE:DHI opened at $129.38 on Thursday. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock’s 50-day simple moving average is $133.67 and its 200 day simple moving average is $155.84. The firm has a market capitalization of $40.77 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last announced its quarterly 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. 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%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 EPS. On average, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. D.R. Horton’s dividend payout ratio is currently 11.31%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup dropped their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. The Goldman Sachs Group decreased their price target on shares of 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. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. 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 research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.