Hickory Point Bank & Trust Purchases New Holdings in D.R. Horton, Inc. (NYSE:DHI)

Hickory Point Bank & Trust purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,068 shares of the construction company’s stock, valued at approximately $289,000.

Several other institutional investors have also made changes to their positions in DHI. Covestor Ltd raised its position in D.R. Horton by 6.6% during the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after purchasing an additional 66 shares in the last quarter. Insigneo Advisory Services LLC increased its holdings in shares of D.R. Horton by 1.9% during the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after buying an additional 67 shares in the last quarter. Demars Financial Group LLC increased its holdings in shares of D.R. Horton by 3.5% during the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after buying an additional 74 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of D.R. Horton by 1.0% during the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after buying an additional 78 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of D.R. Horton by 5.5% during the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock worth $229,000 after buying an additional 82 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

Shares of DHI opened at $126.59 on Friday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $39.89 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The firm’s fifty day simple moving average is $137.48 and its two-hundred day simple moving average is $162.76. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85.

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

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. D.R. Horton’s dividend payout ratio is currently 11.31%.

Analyst Ratings Changes

Several research analysts have recently issued reports on DHI shares. UBS Group lowered 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. Barclays lowered their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Citigroup lowered their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target 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.