New Age Alpha Advisors LLC Acquires New Position in D.R. Horton, Inc. (NYSE:DHI)

New Age Alpha Advisors LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,959 shares of the construction company’s stock, valued at approximately $274,000.

A number of other institutional investors have also made changes to their positions in DHI. Mountaineer Partners Management LLC acquired a new position in D.R. Horton in the third quarter worth $1,853,178,000. Geode Capital Management LLC lifted its position in shares of D.R. Horton by 0.3% in the 3rd 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 during the last quarter. Norges Bank acquired a new position in shares of D.R. Horton in the 4th quarter valued at about $593,363,000. Charles Schwab Investment Management Inc. grew its position in shares of D.R. Horton by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock valued at $259,857,000 after buying an additional 47,678 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in D.R. Horton by 7.3% during the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after acquiring an additional 120,892 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DHI has been the subject of several recent research reports. UBS Group lowered their target price on 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 restated an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Wells Fargo & Company reduced 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. JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their target price for the company 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 issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $127.26 on Wednesday. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The stock has a fifty day moving average price of $132.16 and a two-hundred day moving average price of $153.89. The firm has a market cap of $40.10 billion, a P/E ratio of 8.99, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last released its earnings results 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. 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 for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the company earned $2.82 earnings per share. D.R. Horton’s revenue was down 1.5% compared to the same quarter last year. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

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.