Philadelphia Trust Co. Purchases New Stake in D.R. Horton, Inc. (NYSE:DHI)

Philadelphia Trust Co. purchased a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 38,241 shares of the construction company's stock, valued at approximately $5,347,000.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in D.R. Horton by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock worth $1,009,077,000 after buying an additional 127,606 shares during the period. Norges Bank purchased a new stake in shares of D.R. Horton during the fourth quarter worth $593,363,000. Franklin Resources Inc. raised its stake in shares of D.R. Horton by 71.5% in the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock valued at $499,774,000 after acquiring an additional 1,490,648 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in D.R. Horton by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company's stock valued at $259,857,000 after purchasing an additional 47,678 shares during the period. Finally, Principal Financial Group Inc. grew its stake in 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 worth $339,174,000 after purchasing an additional 120,892 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DHI has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. The Goldman Sachs Group dropped their target price on D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. JMP Securities restated a "market outperform" rating and issued a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Barclays lowered their price target on shares of D.R. Horton from $145.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Two equities research 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, the company presently has a consensus rating of "Hold" and a consensus target price of $168.07.

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D.R. Horton Price Performance

D.R. Horton stock traded down $1.14 during midday trading on Tuesday, reaching $119.88. 3,101,841 shares of the company were exchanged, compared to its average volume of 2,909,133. 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 company has a market capitalization of $37.78 billion, a price-to-earnings ratio of 8.47, a P/E/G ratio of 0.54 and a beta of 1.61. The firm's 50-day simple moving average is $127.32 and its 200-day simple moving average is $148.65. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion for 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 business's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.82 EPS. On average, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared 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. This represents a $1.60 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is 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.