UniSuper Management Pty Ltd increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 29.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,195 shares of the construction company's stock after purchasing an additional 5,567 shares during the quarter. UniSuper Management Pty Ltd's holdings in D.R. Horton were worth $3,383,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings 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. Avestar Capital LLC acquired a new stake in D.R. Horton in the 3rd quarter valued at approximately $229,000. Townsquare Capital LLC lifted its stake in D.R. Horton by 36.5% in the 3rd quarter. Townsquare Capital LLC now owns 7,698 shares of the construction company's stock valued at $1,469,000 after acquiring an additional 2,057 shares in the last quarter. Glenmede Trust Co. NA boosted its position in D.R. Horton by 2.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,206 shares of the construction company's stock worth $1,947,000 after acquiring an additional 262 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of D.R. Horton during the 3rd quarter worth approximately $4,617,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.
D.R. Horton Stock Performance
Shares of NYSE DHI traded up $1.17 during trading hours on Monday, reaching $127.16. 2,316,316 shares of the stock were exchanged, compared to its average volume of 2,808,721. The stock's fifty day simple moving average is $132.91 and its 200 day simple moving average is $154.80. The firm has a market capitalization of $40.07 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week 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.
D.R. Horton (NYSE:DHI - Get Free Report) last posted its 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. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the firm earned $2.82 earnings per share. The company's revenue was down 1.5% on a year-over-year basis. Sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.
D.R. Horton Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 annualized dividend and a dividend yield of 1.26%. D.R. Horton's dividend payout ratio is presently 11.31%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. UBS Group reduced their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Wedbush reiterated a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. Wells Fargo & Company decreased their price target on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods cut D.R. Horton from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Two 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $170.93.
Check Out Our Latest Analysis on DHI
About D.R. Horton
(
Free Report)
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.
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