Baxter Bros Inc. Acquires 3,074 Shares of D.R. Horton, Inc. (NYSE:DHI)

Baxter Bros Inc. grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 22.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,014 shares of the construction company’s stock after acquiring an additional 3,074 shares during the period. Baxter Bros Inc.’s holdings in D.R. Horton were worth $2,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of DHI. Golden State Wealth Management LLC bought a new stake in D.R. Horton during the fourth quarter valued at about $30,000. Rosenberg Matthew Hamilton grew its stake in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after acquiring an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton in the 4th quarter worth approximately $38,000. Sierra Ocean LLC bought a new stake in D.R. Horton during the 4th quarter worth approximately $43,000. Finally, FSA Wealth Management LLC bought a new position in shares of D.R. Horton in the third quarter worth approximately $47,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 1.3 %

DHI opened at $130.49 on Tuesday. The stock has a 50-day moving average of $134.26 and a 200 day moving average of $156.43. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. 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 cap of $41.12 billion, a P/E ratio of 9.22, a P/E/G 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 for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 EPS. As a group, research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid 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 dividend yield of 1.23%. D.R. Horton’s dividend payout ratio is presently 11.31%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Wells Fargo & Company lowered their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Royal Bank of Canada reiterated an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. JMP Securities reissued a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, 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 note on Tuesday, January 14th. Two 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 presently has a consensus rating of “Hold” and an average price target of $170.93.

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.