D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. raised its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 551,701 shares of the construction company's stock after purchasing an additional 27,621 shares during the quarter. Alliancebernstein L.P. owned 0.18% of D.R. Horton worth $77,139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Equity Partners increased its holdings in shares of D.R. Horton by 435.6% during the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock valued at $545,000 after purchasing an additional 3,171 shares in the last quarter. Toronto Dominion Bank grew its position in D.R. Horton by 17.3% during the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company's stock valued at $20,025,000 after buying an additional 15,460 shares during the period. Pensionfund Sabic raised its position in shares of D.R. Horton by 70.2% in the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock worth $1,356,000 after acquiring an additional 4,000 shares during the period. Park Avenue Securities LLC raised its position in shares of D.R. Horton by 10.9% in the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company's stock worth $3,923,000 after acquiring an additional 2,767 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of D.R. Horton during the 3rd quarter worth about $713,000. 90.63% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Royal Bank of Canada reaffirmed an "underperform" rating and set a $125.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. The Goldman Sachs Group dropped 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. Bank of America cut shares of D.R. Horton from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. lowered 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 note on Friday, December 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $170.93.

D.R. Horton Trading Down 0.0 %

Shares of D.R. Horton stock traded down $0.05 during mid-day trading on Tuesday, hitting $120.76. The stock had a trading volume of 1,401,175 shares, compared to its average volume of 3,709,430. The firm has a 50-day moving average of $130.49 and a two-hundred day moving average of $151.90. 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 firm has a market cap of $38.06 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a 12-month low of $118.00 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the firm earned $2.82 EPS. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared 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. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. D.R. Horton's dividend payout ratio is presently 11.31%.

D.R. Horton 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.