D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Carret Asset Management LLC

Carret Asset Management LLC boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,864 shares of the construction company’s stock after purchasing an additional 609 shares during the quarter. Carret Asset Management LLC’s holdings in D.R. Horton were worth $3,896,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Atala Financial Inc purchased a new stake in D.R. Horton during the 4th quarter worth approximately $135,000. JPL Wealth Management LLC purchased a new stake in D.R. Horton during the 4th quarter worth approximately $3,526,000. Commonwealth Equity Services LLC increased its holdings in D.R. Horton by 2.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 45,214 shares of the construction company’s stock worth $6,322,000 after purchasing an additional 1,058 shares during the last quarter. Vestcor Inc increased its holdings in D.R. Horton by 26.2% during the 4th quarter. Vestcor Inc now owns 16,453 shares of the construction company’s stock worth $2,300,000 after purchasing an additional 3,416 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in D.R. Horton by 0.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 38,931 shares of the construction company’s stock worth $5,443,000 after purchasing an additional 309 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 2.7 %

NYSE:DHI opened at $125.19 on Friday. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The firm has a market capitalization of $39.45 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.54 and a beta of 1.80. 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 business has a 50 day simple moving average of $135.64 and a 200 day simple moving average of $159.66.

D.R. Horton (NYSE:DHI) last announced its quarterly 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 company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DHI shares. Citigroup dropped their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the company from $160.00 to $150.00 in a report on Monday, January 27th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $188.00 to $156.00 in a report on Friday, December 13th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Two 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.