Peapack Gladstone Financial Corp Acquires 4,840 Shares of D.R. Horton, Inc. (NYSE:DHI)

Peapack Gladstone Financial Corp boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 20.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,426 shares of the construction company's stock after buying an additional 4,840 shares during the quarter. Peapack Gladstone Financial Corp's holdings in D.R. Horton were worth $3,975,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of DHI. Geode Capital Management LLC raised its holdings in D.R. Horton by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock worth $1,009,077,000 after purchasing an additional 127,606 shares in the last quarter. Norges Bank purchased a new stake in D.R. Horton during the 4th quarter valued at $593,363,000. Franklin Resources Inc. increased its holdings in D.R. Horton by 71.5% in the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after buying an additional 1,490,648 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of D.R. Horton by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company's stock valued at $259,857,000 after purchasing an additional 47,678 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after buying an additional 120,892 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Saturday, January 25th. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. JMP Securities reissued 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. Wedbush reaffirmed a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Finally, Royal Bank of Canada reaffirmed an "underperform" rating and set a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, D.R. Horton has a consensus rating of "Hold" and a consensus price target of $169.14.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded up $1.87 during trading on Friday, reaching $119.74. 3,642,476 shares of the company's stock traded hands, compared to its average volume of 2,904,888. The company has a 50 day moving average of $127.68 and a 200-day moving average of $149.14. The stock has a market capitalization of $37.73 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month 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 (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $7.12 billion. During the same quarter in the previous year, the company earned $2.82 EPS. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.34%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is presently 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.