Geode Capital Management LLC Grows Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Geode Capital Management LLC lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,235,518 shares of the construction company's stock after buying an additional 127,606 shares during the period. Geode Capital Management LLC owned about 2.30% of D.R. Horton worth $1,009,077,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Nemes Rush Group LLC increased its stake in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares during the period. Tradewinds LLC. purchased a new stake in D.R. Horton during the 4th quarter valued at $219,000. HighPoint Advisor Group LLC increased its position in shares of D.R. Horton by 14.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 5,180 shares of the construction company's stock valued at $676,000 after acquiring an additional 662 shares during the period. Franklin Resources Inc. raised its stake in shares of D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock valued at $499,774,000 after acquiring an additional 1,490,648 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of D.R. Horton by 60.5% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 14,690 shares of the construction company's stock worth $2,054,000 after purchasing an additional 5,535 shares during the period. Institutional investors own 90.63% of the company's stock.

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D.R. Horton Price Performance

DHI stock traded down $4.11 during trading on Monday, reaching $123.76. The company's stock had a trading volume of 2,678,431 shares, compared to its average volume of 2,855,863. The company's fifty day moving average is $131.02 and its 200-day moving average is $152.44. D.R. Horton, Inc. has a 1 year low of $118.00 and a 1 year high of $199.85. The company has a market capitalization of $39.00 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. 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 posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 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 company had revenue of $7.61 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the firm earned $2.82 EPS. The firm's revenue was down 1.5% compared to the same quarter last year. On average, research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wedbush reaffirmed a "neutral" rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. JPMorgan Chase & Co. cut shares of D.R. Horton from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. StockNews.com upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. UBS Group lowered 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. Finally, Wells Fargo & Company decreased their price objective on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Two 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $170.93.

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.