D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Vestcor Inc

Vestcor Inc grew its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 26.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,453 shares of the construction company's stock after buying an additional 3,416 shares during the quarter. Vestcor Inc's holdings in D.R. Horton were worth $2,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Equity Partners grew its stake in shares of D.R. Horton by 435.6% in the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock worth $545,000 after acquiring an additional 3,171 shares in the last quarter. KBC Group NV grew its stake in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company's stock worth $51,706,000 after purchasing an additional 212,112 shares in the last quarter. Toronto Dominion Bank increased its holdings in D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company's stock worth $20,025,000 after purchasing an additional 15,460 shares during the period. Pensionfund Sabic raised its position in D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock valued at $1,356,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in shares of D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company's stock valued at $7,795,000 after buying an additional 36,780 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

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D.R. Horton Stock Performance

DHI stock traded up $2.63 during trading on Wednesday, hitting $130.48. The company had a trading volume of 3,162,965 shares, compared to its average volume of 2,660,472. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. The firm has a 50-day moving average price of $134.94 and a 200-day moving average price of $157.98. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The firm has a market cap of $41.12 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 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 business had revenue of $7.61 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the prior year, the business earned $2.82 earnings per share. The company's quarterly revenue was down 1.5% compared to the same quarter last year. On average, analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. D.R. Horton's dividend payout ratio (DPR) is 11.31%.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered shares of D.R. Horton from a "neutral" rating to an "underweight" rating and cut their target price for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Bank of America lowered shares of D.R. Horton from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $160.00 to $150.00 in a report on Monday, January 27th. JMP Securities reaffirmed 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. The Goldman Sachs Group cut their target price on D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Citigroup lowered their price target on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and a consensus price target of $170.93.

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.