D.R. Horton, Inc. (NYSE:DHI) Position Boosted by Cannell & Spears LLC

Cannell & Spears LLC increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 147.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,462 shares of the construction company's stock after buying an additional 74,786 shares during the period. Cannell & Spears LLC's holdings in D.R. Horton were worth $17,542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its position in shares of D.R. Horton by 5.3% in the 4th quarter. Alliancebernstein L.P. now owns 551,701 shares of the construction company's stock worth $77,139,000 after purchasing an additional 27,621 shares during the last quarter. AIA Group Ltd lifted its holdings in D.R. Horton by 15.2% during the 4th quarter. AIA Group Ltd now owns 4,662 shares of the construction company's stock worth $652,000 after buying an additional 616 shares during the last quarter. Bcwm LLC acquired a new position in shares of D.R. Horton in the 4th quarter worth approximately $7,385,000. Physician Wealth Advisors Inc. bought a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $54,000. Finally, Mawer Investment Management Ltd. raised its position in shares of D.R. Horton by 15.2% during the 4th quarter. Mawer Investment Management Ltd. now owns 88,550 shares of the construction company's stock valued at $12,381,000 after acquiring an additional 11,701 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank of Canada reissued an "underperform" rating and set a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. JMP Securities reiterated a "market outperform" rating and set a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. UBS Group decreased their target price on D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group dropped their price target 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, Wedbush restated a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Two 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 given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $170.93.

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D.R. Horton Price Performance

Shares of DHI stock traded up $7.95 during mid-day trading on Friday, hitting $130.26. 4,262,014 shares of the stock traded hands, compared to its average volume of 3,634,825. D.R. Horton, Inc. has a twelve month low of $118.00 and a twelve 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. The company's 50-day simple moving average is $131.33 and its 200-day simple moving average is $153.49. The firm has a market cap of $41.05 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80.

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. 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 analyst estimates of $7.12 billion. D.R. Horton's revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.82 earnings per share. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

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 $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.23%. D.R. Horton's dividend payout ratio (DPR) 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.