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

Cannell & Spears LLC increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 147.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,462 shares of the construction company’s stock after acquiring an additional 74,786 shares during the quarter. Cannell & Spears LLC’s holdings in D.R. Horton were worth $17,542,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of D.R. Horton in the fourth quarter valued at $30,000. Rosenberg Matthew Hamilton increased its stake 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 acquiring an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton during the 4th quarter worth about $38,000. Sierra Ocean LLC acquired a new stake in shares of D.R. Horton in the fourth quarter worth approximately $43,000. Finally, FSA Wealth Management LLC purchased a new stake in D.R. Horton in the third quarter valued at approximately $47,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 3.2 %

NYSE DHI opened at $125.87 on Monday. The company has a market capitalization of $39.66 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. 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 12 month low of $124.23 and a 12 month high of $199.85. The company’s fifty day moving average price is $132.91 and its two-hundred day moving average price is $154.80.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the firm earned $2.82 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, research 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analysts Set New Price Targets

A number of brokerages have weighed in on DHI. UBS Group decreased their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price target for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group dropped their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Company 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.