OFI Invest Asset Management Buys Shares of 110,093 D.R. Horton, Inc. (NYSE:DHI)

OFI Invest Asset Management bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 110,093 shares of the construction company’s stock, valued at approximately $14,865,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mountaineer Partners Management LLC purchased a new position in shares of D.R. Horton in the third quarter valued at $1,853,178,000. FMR LLC increased its position in shares of D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after buying an additional 2,442,581 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of D.R. Horton in the fourth quarter valued at $98,720,000. Amundi increased its position in shares of D.R. Horton by 69.1% in the fourth quarter. Amundi now owns 1,358,213 shares of the construction company’s stock valued at $190,014,000 after buying an additional 555,122 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new position in shares of D.R. Horton in the third quarter valued at $72,672,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Citigroup dropped their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. The Goldman Sachs Group dropped their price target 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. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Wedbush reiterated a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned 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, D.R. Horton presently has an average rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Down 0.4 %

DHI opened at $133.42 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The stock has a market capitalization of $42.04 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The business has a 50-day moving average of $136.37 and a two-hundred day moving average of $161.08. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85.

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

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

D.R. Horton 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.