D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 20.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,426 shares of the construction company’s stock after purchasing an additional 4,840 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in D.R. Horton were worth $3,975,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Himension Capital Singapore PTE. LTD. purchased a new position in D.R. Horton in the 4th quarter valued at $7,487,000. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of D.R. Horton by 150.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,942 shares of the construction company’s stock valued at $35,227,000 after acquiring an additional 151,188 shares in the last quarter. Oarsman Capital Inc. boosted its holdings in shares of D.R. Horton by 146.7% in the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company’s stock valued at $46,000 after acquiring an additional 198 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in D.R. Horton during the fourth quarter worth about $13,943,000. Finally, Lynwood Price Capital Management LP purchased a new position in D.R. Horton during the fourth quarter worth about $4,894,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE DHI opened at $120.69 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a fifty-two week low of $118.00 and a fifty-two week high of $199.85. The business has a fifty day moving average of $130.49 and a 200-day moving average of $151.90. The stock has a market cap of $38.03 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share 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 firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the company posted $2.82 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, 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 announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.33%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DHI. UBS Group dropped their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Barclays reduced 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. The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price target for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.