D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 702,725 shares of the construction company’s stock after acquiring an additional 48,242 shares during the period. Rhumbline Advisers owned about 0.23% of D.R. Horton worth $89,338,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of D.R. Horton by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock valued at $1,009,077,000 after acquiring an additional 127,606 shares during the last quarter. Norges Bank acquired a new stake in shares of D.R. Horton during the 4th quarter valued at $593,363,000. Franklin Resources Inc. lifted its position in shares of D.R. Horton by 71.5% during the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock valued at $499,774,000 after acquiring an additional 1,490,648 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of D.R. Horton by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company’s stock valued at $485,984,000 after acquiring an additional 72,161 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of D.R. Horton by 15.8% during the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company’s stock valued at $471,899,000 after acquiring an additional 460,804 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of D.R. Horton from $165.00 to $135.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Royal Bank of Canada dropped their price target on D.R. Horton from $125.00 to $105.00 and set an “underperform” rating on the stock in a research report on Monday, April 21st. JMP Securities dropped their price target on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. dropped their price target on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average target price of $151.15.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $117.95 on Monday. The business’s 50-day moving average price is $122.76 and its two-hundred day moving average price is $135.22. 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 $110.44 and a one year high of $199.85. The company has a market capitalization of $36.23 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $8.07 billion. During the same quarter last year, the firm earned $3.52 EPS. Analysts anticipate 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, May 9th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. D.R. Horton’s dividend payout ratio (DPR) is presently 12.11%.

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.