New England Research & Management Inc. Invests $1.45 Million in D.R. Horton, Inc. $DHI

New England Research & Management Inc. bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the third quarter, Holdings Channel.com reports. The fund bought 8,575 shares of the construction company’s stock, valued at approximately $1,453,000.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of D.R. Horton by 0.7% during the 2nd quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock worth $1,629,067,000 after purchasing an additional 92,219 shares during the period. Norges Bank acquired a new stake in D.R. Horton during the second quarter worth about $494,278,000. Franklin Resources Inc. increased its stake in D.R. Horton by 16.4% during the second quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock valued at $412,567,000 after acquiring an additional 450,362 shares during the period. Invesco Ltd. raised its stake in shares of D.R. Horton by 13.2% in the second quarter. Invesco Ltd. now owns 2,854,268 shares of the construction company’s stock valued at $367,972,000 after purchasing an additional 333,846 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in D.R. Horton by 42.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock worth $378,628,000 after buying an additional 846,085 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Stock Performance

D.R. Horton stock opened at $156.57 on Tuesday. The company has a market cap of $45.58 billion, a PE ratio of 13.51, a PEG ratio of 1.86 and a beta of 1.38. The company has a current ratio of 6.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company’s 50-day moving average is $151.65 and its two-hundred day moving average is $150.47.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.25). The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.92 earnings per share. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.1%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 13th. D.R. Horton’s dividend payout ratio (DPR) is 15.53%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DHI shares. Barclays upped their target price on shares of D.R. Horton from $110.00 to $132.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of D.R. Horton in a report on Monday, December 8th. Bank of America dropped their target price on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Keefe, Bruyette & Woods decreased their price target on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 29th. Finally, Citigroup reiterated a “market outperform” rating on shares of D.R. Horton in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average price target of $161.08.

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.