AGF Management Ltd. Invests $308,000 in D.R. Horton, Inc. (NYSE:DHI)

AGF Management Ltd. purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,204 shares of the construction company's stock, valued at approximately $308,000.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its stake in D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after buying an additional 120,892 shares in the last quarter. Harbour Investments Inc. lifted its stake in D.R. Horton by 409.5% in the 3rd quarter. Harbour Investments Inc. now owns 1,014 shares of the construction company's stock valued at $193,000 after buying an additional 815 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in D.R. Horton in the 3rd quarter valued at approximately $955,000. Zions Bancorporation N.A. lifted its stake in shares of D.R. Horton by 27.2% during the 3rd quarter. Zions Bancorporation N.A. now owns 2,139 shares of the construction company's stock worth $408,000 after purchasing an additional 458 shares during the period. Finally, Impax Asset Management Group plc purchased a new position in shares of D.R. Horton during the 3rd quarter worth $4,260,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered D.R. Horton from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Saturday, January 25th. JPMorgan Chase & Co. lowered D.R. Horton from a "neutral" rating to an "underweight" rating and reduced their price target for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Wedbush reissued a "neutral" rating and set a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Finally, UBS Group reduced their price target on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $170.93.

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D.R. Horton Stock Up 2.1 %

NYSE DHI traded up $2.63 during trading hours on Wednesday, hitting $130.48. The company had a trading volume of 3,161,454 shares, compared to its average volume of 2,660,472. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The company has a market capitalization of $41.12 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 0.54 and a beta of 1.80. 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's 50 day moving average is $134.94 and its 200 day moving average is $157.98.

D.R. Horton (NYSE:DHI - Get Free Report) 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. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the firm earned $2.82 EPS. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend yield of 1.23%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's payout ratio is 11.31%.

About D.R. Horton

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.