HM Payson & Co. Has $39.46 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

HM Payson & Co. reduced its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,197 shares of the construction company's stock after selling 2,703 shares during the quarter. HM Payson & Co. owned approximately 0.09% of D.R. Horton worth $39,457,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Generali Investments CEE investicni spolecnost a.s. purchased a new position in D.R. Horton during the 4th quarter worth approximately $1,496,000. Banco Santander S.A. raised its position in D.R. Horton by 19.5% in the fourth quarter. Banco Santander S.A. now owns 174,568 shares of the construction company's stock worth $24,408,000 after acquiring an additional 28,484 shares in the last quarter. Andra AP fonden lifted its stake in shares of D.R. Horton by 44.6% in the fourth quarter. Andra AP fonden now owns 91,100 shares of the construction company's stock valued at $12,738,000 after purchasing an additional 28,100 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of D.R. Horton during the 4th quarter worth approximately $831,000. Finally, Callan Family Office LLC boosted its position in D.R. Horton by 491.6% during the fourth quarter. Callan Family Office LLC now owns 8,147 shares of the construction company's stock worth $1,139,000 after purchasing an additional 6,770 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

DHI stock traded down $0.54 during trading on Friday, hitting $133.42. 4,496,628 shares of the stock traded hands, compared to its average volume of 2,672,260. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The company has a 50 day simple moving average of $136.37 and a 200 day simple moving average of $160.90. 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 cap of $42.04 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 0.54 and a beta of 1.80.

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D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company's revenue was down 1.5% on a year-over-year basis. During the same period last year, the company earned $2.82 earnings per share. Equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's payout ratio is currently 11.31%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DHI. JMP Securities reissued a "market outperform" rating and issued a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Barclays reduced their price target on shares of D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. Citigroup lowered their target price on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. UBS Group cut their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut D.R. Horton from a "neutral" rating to an "underweight" rating and reduced their target price for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.