Allstate Corp Acquires Shares of 8,745 D.R. Horton, Inc. (NYSE:DHI)

Allstate Corp acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,745 shares of the construction company's stock, valued at approximately $1,223,000.

Several other institutional investors have also modified their holdings of the stock. Insigneo Advisory Services LLC boosted its holdings in D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company's stock worth $695,000 after buying an additional 67 shares during the last quarter. Allworth Financial LP boosted its stake in shares of D.R. Horton by 5.5% in the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock worth $229,000 after acquiring an additional 82 shares during the last quarter. Secure Asset Management LLC boosted its stake in shares of D.R. Horton by 4.8% in the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock worth $257,000 after acquiring an additional 84 shares during the last quarter. Horizon Investments LLC increased its position in shares of D.R. Horton by 1.7% during the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock worth $767,000 after purchasing an additional 91 shares in the last quarter. Finally, Bfsg LLC raised its stake in D.R. Horton by 24.4% in the 4th quarter. Bfsg LLC now owns 484 shares of the construction company's stock valued at $68,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

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D.R. Horton Trading Up 4.4 %

NYSE:DHI traded up $5.36 during trading hours on Friday, reaching $127.67. 9,117,434 shares of the stock were exchanged, compared to its average volume of 2,851,387. D.R. Horton, Inc. has a twelve month low of $117.51 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 business has a 50-day moving average of $131.02 and a two-hundred day moving average of $153.03. The company has a market capitalization of $40.23 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $7.12 billion. During the same period last year, the business posted $2.82 earnings per share. D.R. Horton's revenue was down 1.5% compared to the same quarter last year. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business 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 annualized dividend and a yield of 1.25%. D.R. Horton's dividend payout ratio is presently 11.31%.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of recent research reports. Wedbush reiterated a "neutral" rating and issued a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Citigroup decreased their target price on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered D.R. Horton from a "neutral" rating to an "underweight" rating and dropped their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. JMP Securities reiterated a "market outperform" rating and set a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and an average target price 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.