SVB Wealth LLC Buys New Stake in D.R. Horton, Inc. (NYSE:DHI)

SVB Wealth LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,731 shares of the construction company’s stock, valued at approximately $941,000.

A number of other large investors also recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton in the 3rd quarter valued at $1,853,178,000. FMR LLC grew its position in D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after acquiring an additional 2,442,581 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in D.R. Horton during the third quarter worth about $72,672,000. Proficio Capital Partners LLC lifted its position in shares of D.R. Horton by 22,199.7% during the fourth quarter. Proficio Capital Partners LLC now owns 262,914 shares of the construction company’s stock worth $36,761,000 after purchasing an additional 261,735 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of D.R. Horton by 112.7% in the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after purchasing an additional 215,947 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup reduced their target price 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. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $188.00 to $156.00 in a research note on Friday, December 13th. The Goldman Sachs Group lowered their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Wells Fargo & Company reduced their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Price Performance

Shares of DHI opened at $125.63 on Tuesday. The firm has a fifty day moving average price of $137.19 and a 200 day moving average price of $162.33. The stock has a market cap of $39.59 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The firm had revenue of $7.61 billion during 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 was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 EPS. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.27%. D.R. Horton’s dividend payout ratio (DPR) is presently 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.