Vaughan Nelson Investment Management L.P. Boosts Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Vaughan Nelson Investment Management L.P. boosted its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 59.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,350 shares of the construction company's stock after buying an additional 54,845 shares during the quarter. Vaughan Nelson Investment Management L.P.'s holdings in D.R. Horton were worth $20,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. TCI Wealth Advisors Inc. increased its position in D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company's stock worth $284,000 after buying an additional 58 shares during the last quarter. Covestor Ltd increased its position in D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company's stock worth $203,000 after buying an additional 66 shares during the last quarter. Insigneo Advisory Services LLC grew its position in shares of D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company's stock valued at $695,000 after purchasing an additional 67 shares in the last quarter. Demars Financial Group LLC grew its position in shares of D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company's stock valued at $419,000 after purchasing an additional 74 shares in the last quarter. Finally, Private Trust Co. NA grew its position in shares of D.R. Horton by 1.0% in the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company's stock valued at $1,454,000 after purchasing an additional 78 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Price Performance

DHI stock traded up $1.54 during mid-day trading on Thursday, hitting $129.29. 3,535,226 shares of the stock were exchanged, compared to its average volume of 3,711,904. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The business has a fifty day moving average price of $142.72 and a 200 day moving average price of $166.70. D.R. Horton, Inc. has a 12 month low of $125.84 and a 12 month high of $199.85. The stock has a market capitalization of $40.74 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 0.58 and a beta of 1.76.

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 (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 analyst estimates of $7.12 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. The company's revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analysts Forecast Growth

DHI has been the subject of several recent research reports. BTIG Research reduced their price target on D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company reduced their price target on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Raymond James cut D.R. Horton from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. UBS Group reduced their price target on D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut D.R. Horton from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, D.R. Horton currently has a consensus rating of "Hold" and a consensus price target of $170.93.

D.R. Horton Company 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.