Townsend & Associates Inc Raises Position in D.R. Horton, Inc. (NYSE:DHI)

Townsend & Associates Inc grew its position in D.R. Horton, Inc. (NYSE:DHI) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,287 shares of the construction company’s stock after acquiring an additional 275 shares during the period. Townsend & Associates Inc’s holdings in D.R. Horton were worth $12,687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coastline Trust Co purchased a new stake in shares of D.R. Horton in the third quarter valued at about $26,000. Golden State Wealth Management LLC purchased a new stake in shares of D.R. Horton in the fourth quarter valued at about $30,000. Rakuten Securities Inc. boosted its holdings in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after acquiring an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings 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 valued at $38,000 after acquiring an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of D.R. Horton in the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $125.92 on Friday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market cap of $39.68 billion, a P/E ratio of 8.90, a PEG ratio of 0.54 and a beta of 1.76. The company has a 50-day moving average of $138.94 and a two-hundred day moving average of $164.31. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.82 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DHI shares. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $188.00 to $156.00 in a report on Friday, December 13th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. The Goldman Sachs Group decreased their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Finally, Barclays decreased their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price 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.