HighPoint Advisor Group LLC Grows Stake in D.R. Horton, Inc. (NYSE:DHI)

HighPoint Advisor Group LLC grew its stake in D.R. Horton, Inc. (NYSE:DHI) by 14.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,180 shares of the construction company’s stock after purchasing an additional 662 shares during the period. HighPoint Advisor Group LLC’s holdings in D.R. Horton were worth $676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. boosted its stake in D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock worth $499,774,000 after buying an additional 1,490,648 shares during the period. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of D.R. Horton by 60.5% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 14,690 shares of the construction company’s stock worth $2,054,000 after acquiring an additional 5,535 shares during the last quarter. Cannell & Spears LLC boosted its stake in shares of D.R. Horton by 147.6% during the 4th quarter. Cannell & Spears LLC now owns 125,462 shares of the construction company’s stock worth $17,542,000 after purchasing an additional 74,786 shares during the period. Alliancebernstein L.P. grew its holdings in D.R. Horton by 5.3% during the 4th quarter. Alliancebernstein L.P. now owns 551,701 shares of the construction company’s stock valued at $77,139,000 after purchasing an additional 27,621 shares during the last quarter. Finally, AIA Group Ltd raised its position in D.R. Horton by 15.2% in the 4th quarter. AIA Group Ltd now owns 4,662 shares of the construction company’s stock worth $652,000 after purchasing an additional 616 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $127.26 on Wednesday. The firm has a 50 day moving average of $132.16 and a 200 day moving average of $153.89. 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 company has a market capitalization of $40.10 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last released 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 return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the company posted $2.82 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on DHI. The Goldman Sachs Group dropped their target price on 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. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Wedbush reiterated a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, UBS Group reduced 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 research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.