Alliancebernstein L.P. Boosts Holdings in D.R. Horton, Inc. (NYSE:DHI)

Alliancebernstein L.P. raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 5.3% during the fourth quarter, Holdings Channel reports. The fund owned 551,701 shares of the construction company’s stock after buying an additional 27,621 shares during the period. Alliancebernstein L.P.’s holdings in D.R. Horton were worth $77,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton in the fourth quarter valued at $38,000. Rosenberg Matthew Hamilton lifted its position in shares of 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 buying an additional 165 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of D.R. Horton during the 4th quarter worth $43,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in D.R. Horton in the 4th quarter worth about $51,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Down 4.4 %

Shares of D.R. Horton stock opened at $122.29 on Friday. The company has a 50 day simple moving average of $131.33 and a two-hundred day simple moving average of $153.49. The firm has a market cap of $38.54 billion, a PE ratio of 8.64, a PEG ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 1 year low of $121.10 and a 1 year high of $199.85. 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 (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the prior year, the firm earned $2.82 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share 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 given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. D.R. Horton’s payout ratio is 11.31%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DHI shares. Wells Fargo & Company reduced their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Wedbush reissued a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus target price of $170.93.

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.