D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Cannell & Spears LLC

Cannell & Spears LLC lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 147.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 125,462 shares of the construction company’s stock after acquiring an additional 74,786 shares during the period. Cannell & Spears LLC’s holdings in D.R. Horton were worth $17,542,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DHI. Principal Financial Group Inc. raised its stake in shares of D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after purchasing an additional 120,892 shares in the last quarter. Townsquare Capital LLC raised its position in shares of D.R. Horton by 36.5% during the 3rd quarter. Townsquare Capital LLC now owns 7,698 shares of the construction company’s stock worth $1,469,000 after buying an additional 2,057 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in shares of D.R. Horton by 2.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 10,206 shares of the construction company’s stock worth $1,947,000 after acquiring an additional 262 shares during the period. CreativeOne Wealth LLC boosted its holdings in shares of D.R. Horton by 10.5% in the third quarter. CreativeOne Wealth LLC now owns 3,896 shares of the construction company’s stock valued at $743,000 after acquiring an additional 371 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of D.R. Horton by 10.8% during the third quarter. Public Sector Pension Investment Board now owns 12,352 shares of the construction company’s stock valued at $2,356,000 after acquiring an additional 1,200 shares during the period. 90.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DHI. Wells Fargo & Company cut their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. The Goldman Sachs Group lowered their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays dropped their price target on shares of 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. Keefe, Bruyette & Woods cut shares of 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 note on Tuesday, December 10th. Finally, JMP Securities reissued a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Stock Performance

Shares of DHI stock opened at $125.87 on Monday. The stock’s fifty day simple moving average is $132.91 and its 200-day simple moving average is $154.80. The company has a market capitalization of $39.66 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.80. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 EPS. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend 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.