Cibc World Markets Corp Boosts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Cibc World Markets Corp lifted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,066 shares of the construction company's stock after purchasing an additional 6,060 shares during the period. Cibc World Markets Corp's holdings in D.R. Horton were worth $6,441,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of D.R. Horton in the fourth quarter worth about $30,000. FSA Wealth Management LLC bought a new position in shares of D.R. Horton in the third quarter worth about $47,000. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton during the 4th quarter worth about $38,000. Rosenberg Matthew Hamilton grew its holdings in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after acquiring an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in D.R. Horton during the 4th quarter worth about $43,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded down $2.36 during midday trading on Friday, hitting $128.77. The company had a trading volume of 7,753,727 shares, compared to its average volume of 2,688,377. The stock has a market cap of $40.58 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 0.54 and a beta of 1.80. 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 company has a fifty day simple moving average of $134.42 and a 200 day simple moving average of $157.19. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85.

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

D.R. Horton Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wedbush reiterated a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. 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. Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Barclays dropped their target price on shares of D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company dropped 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently 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.