Gamco Investors INC. ET AL Buys Shares of 2,725 D.R. Horton, Inc. (NYSE:DHI)

Gamco Investors INC. ET AL purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,725 shares of the construction company's stock, valued at approximately $381,000.

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

Analyst Ratings Changes

DHI has been the subject of a number of analyst reports. UBS Group dropped their price objective 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. Royal Bank of Canada dropped their price target on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research report on Monday. The Goldman Sachs Group decreased their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Citigroup cut their target price on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Finally, Barclays lowered their price target on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday. Three research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $151.15.

D.R. Horton Stock Down 0.1 %

NYSE DHI traded down $0.11 during trading hours on Wednesday, reaching $124.85. 5,367,469 shares of the company's stock traded hands, compared to its average volume of 2,934,947. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm has a 50-day simple moving average of $126.18 and a 200 day simple moving average of $146.07. The firm has a market cap of $39.34 billion, a PE ratio of 8.82, a PEG ratio of 0.54 and a beta of 1.61.

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

D.R. Horton Dividend Announcement

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

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.