D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP raised its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 34.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,133,159 shares of the construction company's stock after purchasing an additional 540,737 shares during the period. First Trust Advisors LP owned 0.68% of D.R. Horton worth $298,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of 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 purchasing an additional 120,892 shares during the last quarter. Passumpsic Savings Bank purchased a new stake in shares of D.R. Horton during the third quarter worth about $2,466,000. Virtu Financial LLC acquired a new position in shares of D.R. Horton during the third quarter valued at about $2,942,000. Morse Asset Management Inc grew its position in D.R. Horton by 11.5% during the 3rd quarter. Morse Asset Management Inc now owns 17,763 shares of the construction company's stock worth $3,389,000 after purchasing an additional 1,835 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its holdings in shares of D.R. Horton by 3.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,463 shares of the construction company's stock valued at $1,042,000 after buying an additional 198 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Down 0.1 %

DHI stock traded down $0.11 during mid-day trading on Wednesday, reaching $124.85. The company had a trading volume of 4,665,991 shares, compared to its average volume of 2,932,152. The firm has a fifty day simple moving average of $126.18 and a 200 day simple moving average of $146.07. 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 has a market capitalization of $39.34 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same quarter last year, the firm earned $3.52 EPS. Analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is 12.11%.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of analyst reports. BTIG Research dropped their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. JPMorgan Chase & Co. reduced their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday. StockNews.com downgraded shares of D.R. Horton from a "hold" rating to a "sell" rating in a research report on Tuesday. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Wedbush restated a "neutral" rating and issued a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, D.R. Horton has a consensus rating of "Hold" and an average price target of $151.15.

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.