2,068 Shares in D.R. Horton, Inc. (NYSE:DHI) Purchased by Hickory Point Bank & Trust

Hickory Point Bank & Trust purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,068 shares of the construction company's stock, valued at approximately $289,000.

A number of other institutional investors have also modified their holdings of DHI. Coastline Trust Co acquired a new position in D.R. Horton in the 3rd quarter valued at about $26,000. Golden State Wealth Management LLC purchased a new stake in D.R. Horton during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. increased its stake in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after buying an additional 117 shares during the period. Rosenberg Matthew Hamilton lifted 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 worth $38,000 after buying an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in D.R. Horton in the 4th quarter valued at approximately $43,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of DHI stock traded up $3.55 during mid-day trading on Wednesday, hitting $129.47. 3,096,692 shares of the stock were exchanged, compared to its average volume of 2,649,992. The stock's fifty day simple moving average is $136.88 and its two-hundred day simple moving average is $161.96. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The stock has a market capitalization of $40.80 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 0.54 and a beta of 1.76.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (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 firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the business posted $2.82 EPS. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio is currently 11.31%.

Wall Street Analyst Weigh In

DHI has been the topic of several analyst reports. JPMorgan Chase & Co. cut D.R. Horton from a "neutral" rating to an "underweight" rating and reduced their price objective for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Raymond James lowered D.R. Horton from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. Wedbush reissued a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. StockNews.com raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Finally, UBS Group decreased their price target on shares of 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently 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.