4,300 Shares in D.R. Horton, Inc. (NYSE:DHI) Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,300 shares of the construction company's stock, valued at approximately $601,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton during the third quarter valued at $1,853,178,000. FMR LLC raised its position in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC grew its holdings in D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company's stock worth $1,351,435,000 after acquiring an additional 21,073 shares during the period. Smead Capital Management Inc. lifted its stake in shares of D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company's stock valued at $480,106,000 after purchasing an additional 84,835 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after purchasing an additional 120,892 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lowered their target price 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. JMP Securities reiterated a "market outperform" rating and set a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Raymond James lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada reissued an "underperform" rating and set a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $170.93.

D.R. Horton Stock Up 1.0 %

DHI traded up $1.23 during mid-day trading on Tuesday, reaching $126.91. 3,663,133 shares of the stock were exchanged, compared to its average volume of 2,641,214. D.R. Horton, Inc. has a 1 year low of $124.11 and a 1 year high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The stock has a market capitalization of $39.99 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The company has a 50 day moving average price of $137.19 and a two-hundred day moving average price of $162.33.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 EPS. As a group, research analysts anticipate 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 issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. D.R. Horton's dividend payout ratio (DPR) is currently 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.