D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Cynosure Group LLC

Cynosure Group LLC increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 199.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,970 shares of the construction company's stock after acquiring an additional 4,645 shares during the quarter. Cynosure Group LLC's holdings in D.R. Horton were worth $975,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Nemes Rush Group LLC boosted its stake in D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after acquiring an additional 82 shares during the last quarter. Golden State Wealth Management LLC bought a new position in D.R. Horton in the 4th quarter worth about $30,000. Rosenberg Matthew Hamilton lifted its position in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after purchasing an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton during the fourth quarter valued at about $38,000. Finally, Sierra Ocean LLC purchased a new stake in D.R. Horton in the fourth quarter worth approximately $43,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DHI shares. Wedbush reissued a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Bank of America downgraded D.R. Horton from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $160.00 to $150.00 in a report on Monday, January 27th. The Goldman Sachs Group lowered their target price 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. UBS Group cut their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Finally, Barclays reduced their target price 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 assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $170.93.

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D.R. Horton Price Performance

Shares of NYSE:DHI traded down $5.17 during trading on Monday, reaching $122.70. 2,798,890 shares of the company's stock traded hands, compared to its average volume of 3,700,316. The firm has a market cap of $38.67 billion, a PE ratio of 8.67, a P/E/G ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a fifty-two week low of $118.00 and a fifty-two week high of $199.85. The company has a 50-day simple moving average of $131.02 and a 200-day simple moving average of $152.44. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

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, topping analysts' consensus estimates of $2.37 by $0.24. The business 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%. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.82 earnings per share. As a group, analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, February 7th. D.R. Horton's payout ratio is 11.31%.

About D.R. Horton

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.