Baxter Bros Inc. Purchases 3,074 Shares of D.R. Horton, Inc. (NYSE:DHI)

Baxter Bros Inc. grew its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 22.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,014 shares of the construction company's stock after acquiring an additional 3,074 shares during the period. Baxter Bros Inc.'s holdings in D.R. Horton were worth $2,379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Zions Bancorporation N.A. boosted its stake in shares of D.R. Horton by 49.9% during the 4th quarter. Zions Bancorporation N.A. now owns 3,206 shares of the construction company's stock worth $448,000 after acquiring an additional 1,067 shares in the last quarter. LPL Financial LLC lifted its stake in shares of D.R. Horton by 8.0% during the fourth quarter. LPL Financial LLC now owns 236,514 shares of the construction company's stock valued at $33,069,000 after buying an additional 17,550 shares during the period. Optimum Investment Advisors boosted its position in D.R. Horton by 1.7% during the fourth quarter. Optimum Investment Advisors now owns 7,330 shares of the construction company's stock worth $1,025,000 after acquiring an additional 125 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in D.R. Horton in the 4th quarter worth approximately $13,721,000. Finally, Knights of Columbus Asset Advisors LLC raised its holdings in D.R. Horton by 1.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 65,680 shares of the construction company's stock valued at $9,183,000 after acquiring an additional 1,055 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts recently commented on DHI shares. Bank of America lowered D.R. Horton from a "buy" rating to a "neutral" rating and dropped their target price for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Wells Fargo & Company dropped their price target on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Royal Bank of Canada reiterated an "underperform" rating and issued a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Barclays dropped their price objective on D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $170.93.

D.R. Horton Price Performance

DHI stock traded down $4.21 on Friday, hitting $125.87. 2,048,357 shares of the company's stock traded hands, compared to its average volume of 2,810,691. The stock has a market cap of $39.66 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $132.91 and a 200-day moving average of $155.01.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the business posted $2.82 EPS. D.R. Horton's revenue was down 1.5% on a year-over-year basis. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. 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 1.27%. D.R. Horton's payout ratio is 11.31%.

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.