Vaughan Nelson Investment Management L.P. Has $20.46 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Vaughan Nelson Investment Management L.P. grew its position in D.R. Horton, Inc. (NYSE:DHI) by 59.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 146,350 shares of the construction company’s stock after purchasing an additional 54,845 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in D.R. Horton were worth $20,462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Coastline Trust Co acquired a new stake in D.R. Horton during the 3rd quarter worth $26,000. Rakuten Securities Inc. raised its position in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares during the period. Wolff Wiese Magana LLC lifted its holdings in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton in the 4th quarter valued at approximately $30,000. Finally, Grove Bank & Trust grew its position in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after purchasing an additional 93 shares during the period. 90.63% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DHI. Wedbush reaffirmed a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. The Goldman Sachs Group cut their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. JMP Securities reiterated a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company decreased their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Price Performance

NYSE:DHI opened at $128.99 on Monday. The stock has a market capitalization of $40.65 billion, a PE ratio of 9.12, a P/E/G ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a 1-year low of $127.47 and a 1-year high of $199.85. The firm has a fifty day simple moving average of $144.87 and a 200 day simple moving average of $167.62. 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 (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.82 EPS. On average, research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.24%. D.R. Horton’s dividend payout ratio is 11.31%.

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.