D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by AIA Group Ltd

AIA Group Ltd grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 15.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,662 shares of the construction company’s stock after buying an additional 616 shares during the period. AIA Group Ltd’s holdings in D.R. Horton were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Golden State Wealth Management LLC acquired a new position in D.R. Horton during the 4th quarter worth $30,000. Rosenberg Matthew Hamilton raised its stake in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in D.R. Horton in the fourth quarter worth about $38,000. Sierra Ocean LLC bought a new position in D.R. Horton in the 4th quarter valued at about $43,000. Finally, FSA Wealth Management LLC acquired a new position in D.R. Horton during the 3rd quarter valued at about $47,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $127.16 on Tuesday. The stock has a market cap of $40.07 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $132.49 and a 200-day simple moving average of $154.36.

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 company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.82 EPS. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Analyst Ratings Changes

Several research firms have recently issued reports on DHI. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton presently has a consensus 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.