Heritage Trust Co Makes New $1.61 Million Investment in D.R. Horton, Inc. (NYSE:DHI)

Heritage Trust Co bought a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,485 shares of the construction company's stock, valued at approximately $1,606,000.

Several other large investors have also added to or reduced their stakes in the company. Allworth Financial LP increased its stake in D.R. Horton by 5.5% in the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock worth $229,000 after buying an additional 82 shares in the last quarter. Nemes Rush Group LLC lifted its holdings in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after buying an additional 82 shares in the last quarter. Secure Asset Management LLC grew its stake in D.R. Horton by 4.8% during the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock valued at $257,000 after acquiring an additional 84 shares in the last quarter. Horizon Investments LLC lifted its stake in D.R. Horton by 1.7% in the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock worth $767,000 after purchasing an additional 91 shares in the last quarter. Finally, Bfsg LLC grew its position in shares of D.R. Horton by 24.4% during the fourth quarter. Bfsg LLC now owns 484 shares of the construction company's stock valued at $68,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Down 1.9 %

D.R. Horton stock traded down $2.33 during trading hours on Wednesday, reaching $117.48. The stock had a trading volume of 1,815,524 shares, compared to its average volume of 2,905,435. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The business's 50 day moving average price is $127.00 and its 200-day moving average price is $148.45. 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 company has a market cap of $37.02 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.54 and a beta of 1.61.

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D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the business posted $2.82 EPS. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. D.R. Horton's payout ratio is currently 11.31%.

Analyst Ratings Changes

Several research firms have weighed in on DHI. The Goldman Sachs Group cut their price target 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. JMP Securities reaffirmed a "market outperform" rating and set a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Bank of America cut shares of D.R. Horton from a "buy" rating to a "neutral" rating and decreased their target price for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Wells Fargo & Company dropped their target price on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Monday. Finally, Wedbush reissued a "neutral" rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $168.07.

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.