Renaissance Technologies LLC Purchases 659,100 Shares of D.R. Horton, Inc. (NYSE:DHI)

Renaissance Technologies LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 676.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 756,538 shares of the construction company's stock after acquiring an additional 659,100 shares during the period. Renaissance Technologies LLC owned 0.24% of D.R. Horton worth $105,779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of 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 during the period. Stifel Financial Corp boosted its stake in D.R. Horton by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 111,397 shares of the construction company's stock valued at $21,253,000 after acquiring an additional 6,804 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in D.R. Horton by 98.3% in the third quarter. Kovitz Investment Group Partners LLC now owns 8,266 shares of the construction company's stock worth $1,577,000 after purchasing an additional 4,098 shares in the last quarter. EP Wealth Advisors LLC grew its position in shares of D.R. Horton by 7.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 7,917 shares of the construction company's stock worth $1,510,000 after acquiring an additional 572 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in D.R. Horton during the third quarter valued at $209,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DHI. Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Bank of America lowered shares of D.R. Horton from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. StockNews.com raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Saturday, January 25th. JMP Securities restated a "market outperform" rating and set a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company lowered 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. Two 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 MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $169.14.

D.R. Horton Price Performance

Shares of NYSE:DHI traded up $1.87 during trading on Friday, hitting $119.74. 3,642,476 shares of the company were exchanged, compared to its average volume of 2,904,602. The business's 50 day moving average is $127.68 and its 200-day moving average is $149.41. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a market capitalization of $37.73 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

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

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. D.R. Horton's payout ratio 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.