Charles Schwab Investment Management Inc. Has $259.86 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Charles Schwab Investment Management Inc. raised its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,858,514 shares of the construction company's stock after purchasing an additional 47,678 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.59% of D.R. Horton worth $259,857,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DHI. State of Michigan Retirement System boosted its stake in shares of D.R. Horton by 1.5% in the fourth quarter. State of Michigan Retirement System now owns 111,799 shares of the construction company's stock valued at $15,632,000 after buying an additional 1,700 shares during the period. Meridian Wealth Management LLC lifted its position in shares of D.R. Horton by 1.3% during the 4th quarter. Meridian Wealth Management LLC now owns 31,716 shares of the construction company's stock valued at $4,435,000 after acquiring an additional 398 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of D.R. Horton during the 4th quarter worth $214,000. Jones Financial Companies Lllp increased its position in shares of D.R. Horton by 35.3% in the fourth quarter. Jones Financial Companies Lllp now owns 9,535 shares of the construction company's stock worth $1,333,000 after purchasing an additional 2,487 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Trading Up 2.8 %

Shares of NYSE DHI opened at $129.47 on Thursday. The stock has a market cap of $40.80 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The firm has a 50 day moving average price of $136.65 and a two-hundred day moving average price of $161.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85.

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

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio is currently 11.31%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Citigroup lowered their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Royal Bank of Canada restated an "underperform" rating and set a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. The Goldman Sachs Group decreased their target price on D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut shares of D.R. Horton from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $170.93.

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.

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