Bahl & Gaynor Inc. Purchases 896 Shares of D.R. Horton, Inc. (NYSE:DHI)

Bahl & Gaynor Inc. boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,004 shares of the construction company’s stock after buying an additional 896 shares during the period. Bahl & Gaynor Inc.’s holdings in D.R. Horton were worth $15,940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. Creative Financial Designs Inc. ADV boosted its stake in D.R. Horton by 200.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 300 shares of the construction company’s stock valued at $57,000 after buying an additional 200 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in D.R. Horton by 11.0% during the third quarter. Farther Finance Advisors LLC now owns 2,368 shares of the construction company’s stock valued at $452,000 after buying an additional 235 shares during the last quarter. Van ECK Associates Corp boosted its stake in D.R. Horton by 10.6% during the third quarter. Van ECK Associates Corp now owns 57,284 shares of the construction company’s stock valued at $10,328,000 after buying an additional 5,501 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in D.R. Horton by 2.4% during the third quarter. Asset Management One Co. Ltd. now owns 117,316 shares of the construction company’s stock valued at $22,380,000 after buying an additional 2,712 shares during the last quarter. Finally, PDS Planning Inc bought a new position in D.R. Horton during the third quarter valued at approximately $222,000. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on DHI shares. The Goldman Sachs Group dropped their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Barclays decreased their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company decreased their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Finally, StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Trading Up 0.0 %

Shares of NYSE DHI opened at $125.74 on Wednesday. The business’s 50 day moving average price is $136.88 and its 200-day moving average price is $161.96. The company has a market cap of $39.62 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two 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) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. D.R. Horton’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $2.82 EPS. On average, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 1.27%. D.R. Horton’s payout ratio is currently 11.31%.

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.