D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Howard Capital Management Inc.

Howard Capital Management Inc. boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 31.1% in the fourth quarter, Holdings Channel reports. The fund owned 7,467 shares of the construction company’s stock after purchasing an additional 1,770 shares during the period. Howard Capital Management Inc.’s holdings in D.R. Horton were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of DHI. Coastline Trust Co purchased a new stake in shares of D.R. Horton during the third quarter worth approximately $26,000. Rakuten Securities Inc. increased its stake in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares during the period. Golden State Wealth Management LLC purchased a new position in D.R. Horton during the 4th quarter worth $30,000. FSA Wealth Management LLC acquired a new stake in shares of D.R. Horton in the 3rd quarter worth $47,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of D.R. Horton in the third quarter valued at about $50,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on DHI shares. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Wedbush reissued a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Performance

Shares of DHI opened at $125.92 on Monday. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The stock has a market cap of $39.68 billion, a P/E ratio of 8.90, a PEG ratio of 0.54 and a beta of 1.76. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $138.94 and a two-hundred day moving average of $164.28.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm posted $2.82 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. D.R. Horton’s dividend payout ratio is currently 11.31%.

About D.R. Horton

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.