Zions Bancorporation N.A. Acquires 1,067 Shares of D.R. Horton, Inc. (NYSE:DHI)

Zions Bancorporation N.A. increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 49.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,206 shares of the construction company’s stock after purchasing an additional 1,067 shares during the period. Zions Bancorporation N.A.’s holdings in D.R. Horton were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at about $30,000. FSA Wealth Management LLC acquired a new position in shares of D.R. Horton in the third quarter worth approximately $47,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of D.R. Horton in the fourth quarter worth approximately $38,000. Rosenberg Matthew Hamilton increased its position in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares during the period. Finally, Sierra Ocean LLC bought a new position in D.R. Horton during the 4th quarter worth approximately $43,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Down 0.1 %

NYSE:DHI opened at $129.38 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The company has a market cap of $40.77 billion, a PE ratio of 9.14, a PEG ratio of 0.54 and a beta of 1.80. The firm has a 50-day moving average of $133.67 and a 200-day moving average of $155.84.

D.R. Horton (NYSE:DHI) last issued 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 firm had revenue of $7.61 billion during 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%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.82 earnings per share. As a group, equities research analysts expect 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. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is 11.31%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DHI. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Wedbush restated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. The Goldman Sachs Group lowered their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Wells Fargo & Company cut their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average 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.