Alberta Investment Management Corp Acquires 700 Shares of D.R. Horton, Inc. (NYSE:DHI)

Alberta Investment Management Corp raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 35.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,700 shares of the construction company’s stock after buying an additional 700 shares during the quarter. Alberta Investment Management Corp’s holdings in D.R. Horton were worth $378,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DHI. TCI Wealth Advisors Inc. increased its holdings in D.R. Horton by 4.1% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after acquiring an additional 58 shares during the period. Covestor Ltd increased its holdings in D.R. Horton by 6.6% during the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after acquiring an additional 66 shares during the period. Insigneo Advisory Services LLC increased its holdings in D.R. Horton by 1.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after acquiring an additional 67 shares during the period. Demars Financial Group LLC increased its holdings in D.R. Horton by 3.5% during the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after acquiring an additional 74 shares during the period. Finally, Private Trust Co. NA increased its holdings in D.R. Horton by 1.0% during the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after acquiring an additional 78 shares during the period. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of research analyst reports. UBS Group decreased their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Citigroup decreased their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. 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. The Goldman Sachs Group decreased their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $125.92 on Friday. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The stock has a market capitalization of $39.68 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The company has a fifty day moving average of $138.94 and a 200-day moving average of $164.38. 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 (NYSE:DHI) last announced its quarterly 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 business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.82 EPS. Equities research analysts expect 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. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.27%. D.R. Horton’s payout ratio is currently 11.31%.

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.