D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 71.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,574,409 shares of the construction company’s stock after purchasing an additional 1,490,648 shares during the period. Franklin Resources Inc. owned about 1.13% of D.R. Horton worth $499,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at $30,000. Rosenberg Matthew Hamilton boosted its holdings in 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 period. Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton in the 4th quarter valued at about $38,000. Sierra Ocean LLC purchased a new stake in D.R. Horton during the fourth quarter worth about $43,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of D.R. Horton during the third quarter worth about $47,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DHI. Citigroup dropped their price objective 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. The Goldman Sachs Group cut their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Barclays decreased their target price on 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 cut their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Finally, StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Up 0.9 %

DHI stock opened at $127.16 on Tuesday. The stock has a market cap of $40.07 billion, a P/E ratio of 8.99, a PEG ratio of 0.54 and a beta of 1.80. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The company’s 50 day moving average is $132.49 and its two-hundred day moving average is $154.36.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the business earned $2.82 EPS. D.R. Horton’s revenue for the quarter was down 1.5% compared to the same quarter last year. Research 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. Stockholders of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

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.