Alliancebernstein L.P. Buys 27,621 Shares of D.R. Horton, Inc. (NYSE:DHI)

Alliancebernstein L.P. grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 551,701 shares of the construction company’s stock after purchasing an additional 27,621 shares during the quarter. Alliancebernstein L.P. owned about 0.18% of D.R. Horton worth $77,139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DHI. Golden State Wealth Management LLC bought a new position in D.R. Horton during the fourth quarter worth $30,000. Rosenberg Matthew Hamilton raised its position in shares of D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at about $38,000. Sierra Ocean LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $43,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in D.R. Horton during the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DHI. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Citigroup cut their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Two equities 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 given a strong buy rating to the company. According to data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Trading Down 4.4 %

NYSE DHI opened at $122.29 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 business has a fifty day simple moving average of $131.33 and a 200 day simple moving average of $153.49. D.R. Horton, Inc. has a 12 month low of $121.10 and a 12 month high of $199.85. The firm has a market capitalization of $38.54 billion, a P/E ratio of 8.64, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating 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 company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the company posted $2.82 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts predict 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. 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 1.31%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 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.