Chase Investment Counsel Corp Buys 2,400 Shares of D.R. Horton, Inc. (NYSE:DHI)

Chase Investment Counsel Corp raised its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 28.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,800 shares of the construction company's stock after purchasing an additional 2,400 shares during the period. Chase Investment Counsel Corp's holdings in D.R. Horton were worth $1,510,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Cornerstone Wealth Group LLC acquired a new stake in D.R. Horton during the 3rd quarter worth approximately $275,000. Catalyst Financial Partners LLC acquired a new position in shares of D.R. Horton in the third quarter valued at about $216,000. Meitav Investment House Ltd. bought a new position in D.R. Horton during the third quarter worth about $704,000. US Bancorp DE raised its stake in D.R. Horton by 1.2% in the 3rd quarter. US Bancorp DE now owns 129,660 shares of the construction company's stock worth $24,735,000 after purchasing an additional 1,599 shares in the last quarter. Finally, Pacific Wealth Strategies Group Inc. boosted its holdings in D.R. Horton by 14.2% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 5,189 shares of the construction company's stock valued at $990,000 after purchasing an additional 644 shares during the period. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DHI has been the topic of several recent research reports. Wells Fargo & Company lowered their target price on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Wedbush reaffirmed a "neutral" rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Raymond James downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. JMP Securities reissued a "market outperform" rating and issued a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group cut their price target on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and an average target price of $170.93.

D.R. Horton Trading Up 2.8 %

Shares of NYSE:DHI traded up $3.55 during midday trading on Wednesday, hitting $129.47. 3,152,685 shares of the stock were exchanged, compared to its average volume of 2,650,098. The business's 50-day moving average price is $136.88 and its 200 day moving average price is $161.96. The stock has a market capitalization of $40.80 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. 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 (NYSE:DHI - Get Free Report) last released 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 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 earnings per share. The company's revenue for the quarter was down 1.5% on a year-over-year basis. Analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

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 was Friday, February 7th. D.R. Horton's dividend payout ratio is currently 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.