Glenview Trust co Has $1.42 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Glenview Trust co boosted its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 69.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,184 shares of the construction company's stock after buying an additional 4,191 shares during the period. Glenview Trust co's holdings in D.R. Horton were worth $1,424,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DHI. Mountaineer Partners Management LLC bought a new position in D.R. Horton during the third quarter valued at about $1,853,178,000. FMR LLC increased its position in shares of D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Raymond James Financial Inc. acquired a new position in shares of D.R. Horton in the fourth quarter valued at $98,720,000. Amundi raised its stake in shares of D.R. Horton by 69.1% in the fourth quarter. Amundi now owns 1,358,213 shares of the construction company's stock valued at $190,014,000 after purchasing an additional 555,122 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in D.R. Horton in the third quarter worth $72,672,000. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Bank of America cut shares of D.R. Horton from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Wells Fargo & Company decreased their price objective on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. The Goldman Sachs Group dropped their target price on D.R. Horton from $200.00 to $171.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Saturday, January 25th. Two equities 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 issued a strong buy rating to the stock. According to MarketBeat, D.R. Horton presently has an average rating of "Hold" and a consensus target price of $170.93.

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D.R. Horton Price Performance

Shares of D.R. Horton stock traded up $0.80 during trading on Thursday, reaching $131.18. The company's stock had a trading volume of 4,236,248 shares, compared to its average volume of 3,705,302. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The stock has a 50-day moving average price of $134.75 and a two-hundred day moving average price of $157.79. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $41.34 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm posted $2.82 earnings per share. The company's revenue was down 1.5% on a year-over-year basis. As a group, 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 disclosed 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 dividend on an annualized basis and a yield of 1.22%. D.R. Horton's payout ratio is 11.31%.

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.