110,093 Shares in D.R. Horton, Inc. (NYSE:DHI) Bought by OFI Invest Asset Management

OFI Invest Asset Management bought a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 110,093 shares of the construction company's stock, valued at approximately $14,865,000.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in D.R. Horton by 7.3% in 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 acquiring an additional 120,892 shares in the last quarter. Fiera Capital Corp purchased a new position in shares of D.R. Horton in the third quarter worth $248,000. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of D.R. Horton during the third quarter valued at $11,003,000. CWA Asset Management Group LLC purchased a new stake in shares of D.R. Horton during the third quarter valued at $1,708,000. Finally, Applied Finance Capital Management LLC increased its holdings in D.R. Horton by 6.2% in the 3rd quarter. Applied Finance Capital Management LLC now owns 261,657 shares of the construction company's stock worth $49,916,000 after buying an additional 15,370 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of DHI traded down $3.48 during trading hours on Thursday, reaching $125.19. 3,396,107 shares of the stock traded hands, compared to its average volume of 2,693,921. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. 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 company has a market cap of $39.45 billion, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The company's 50-day moving average price is $135.89 and its two-hundred day moving average price is $159.90.

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

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given 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 dividend yield of 1.28%. D.R. Horton's dividend payout ratio is 11.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DHI shares. Wells Fargo & Company dropped their price target on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. StockNews.com upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. UBS Group lowered their price target on 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, Wedbush reaffirmed a "neutral" rating and issued a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.