Royal London Asset Management Ltd. Buys 9,722 Shares of D.R. Horton, Inc. (NYSE:DHI)

Royal London Asset Management Ltd. grew its stake in D.R. Horton, Inc. (NYSE:DHI) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,120 shares of the construction company’s stock after acquiring an additional 9,722 shares during the period. Royal London Asset Management Ltd.’s holdings in D.R. Horton were worth $19,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DHI. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton during the fourth quarter worth approximately $30,000. Rosenberg Matthew Hamilton raised its stake in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after buying an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton during the fourth quarter worth approximately $38,000. Sierra Ocean LLC bought a new stake in shares of D.R. Horton during the fourth quarter worth approximately $43,000. Finally, FSA Wealth Management LLC bought a new stake in shares of D.R. Horton during the third quarter worth approximately $47,000. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DHI has been the subject of a number of recent research reports. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Royal Bank of Canada restated an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Wedbush restated a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Stock Down 1.8 %

Shares of DHI stock opened at $128.77 on Friday. The firm’s fifty day moving average price is $134.42 and its two-hundred day moving average price is $157.19. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85. 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 firm has a market capitalization of $40.58 billion, a P/E ratio of 9.10, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last released its 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. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates 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 revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.82 earnings per share. On average, equities 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 announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. D.R. Horton’s dividend payout ratio is presently 11.31%.

D.R. Horton 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.