CIBC Asset Management Inc Boosts Holdings in D.R. Horton, Inc. (NYSE:DHI)

CIBC Asset Management Inc grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,163 shares of the construction company’s stock after buying an additional 1,837 shares during the quarter. CIBC Asset Management Inc’s holdings in D.R. Horton were worth $6,455,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Coastline Trust Co purchased a new position in D.R. Horton during the third quarter worth about $26,000. Golden State Wealth Management LLC acquired a new position in D.R. Horton during the 4th quarter worth approximately $30,000. Rakuten Securities Inc. raised its stake in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton raised 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 worth $38,000 after buying an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

D.R. Horton stock opened at $126.74 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The stock has a fifty day moving average of $140.41 and a two-hundred day moving average of $165.23. The company has a market capitalization of $39.94 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.55 and a beta of 1.76.

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. On average, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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 was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DHI. BTIG Research cut their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Wedbush reiterated a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Royal Bank of Canada reissued an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. 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, Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently 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.