Rench Wealth Management Inc. Purchases 5,042 Shares of D.R. Horton, Inc. (NYSE:DHI)

Rench Wealth Management Inc. grew its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 92.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,524 shares of the construction company's stock after purchasing an additional 5,042 shares during the period. Rench Wealth Management Inc.'s holdings in D.R. Horton were worth $1,471,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Nemes Rush Group LLC grew its position in D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after buying an additional 82 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of D.R. Horton during the fourth quarter worth about $30,000. Rosenberg Matthew Hamilton increased its position in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after purchasing an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton in the fourth quarter valued at approximately $38,000. Finally, Sierra Ocean LLC bought a new stake in D.R. Horton during the fourth quarter valued at approximately $43,000. Institutional investors own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DHI. StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Saturday, January 25th. Barclays decreased their price objective on D.R. Horton from $145.00 to $120.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. The Goldman Sachs Group decreased their price target on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada reaffirmed an "underperform" rating and issued a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $162.92.

D.R. Horton Trading Up 3.2 %

NYSE:DHI traded up $3.75 during trading hours on Friday, hitting $121.29. The company had a trading volume of 6,395,720 shares, compared to its average volume of 2,914,346. The stock has a 50-day moving average price of $126.41 and a 200 day moving average price of $146.97. The company has a market capitalization of $38.22 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. During the same quarter last year, the company posted $3.52 EPS. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. D.R. Horton's dividend payout ratio (DPR) is currently 11.31%.

D.R. Horton Profile

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.