Vaughan Nelson Investment Management L.P. Acquires 54,845 Shares of D.R. Horton, Inc. (NYSE:DHI)

Vaughan Nelson Investment Management L.P. lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 59.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 146,350 shares of the construction company’s stock after acquiring an additional 54,845 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in D.R. Horton were worth $20,462,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Mountaineer Partners Management LLC acquired a new position in shares of D.R. Horton during the 3rd quarter worth approximately $1,853,178,000. FMR LLC boosted its stake in shares of D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after buying an additional 2,442,581 shares during the period. Geode Capital Management LLC grew its position in D.R. Horton by 0.3% during the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after buying an additional 21,073 shares in the last quarter. Smead Capital Management Inc. increased its stake in D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after acquiring an additional 84,835 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after acquiring an additional 120,892 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Price Performance

Shares of DHI opened at $128.99 on Monday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a market cap of $40.65 billion, a PE ratio of 9.12, a PEG ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a 12-month low of $127.47 and a 12-month high of $199.85. The business has a 50-day simple moving average of $144.87 and a two-hundred day simple moving average of $167.62.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the business earned $2.82 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is 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 11.31%.

Wall Street Analysts Forecast Growth

DHI has been the topic of several analyst reports. Barclays reduced their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. UBS Group cut their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada reissued an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, JMP Securities restated 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 investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $170.93.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

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.