Cullen Frost Bankers Inc. Purchases 1,803 Shares of D.R. Horton, Inc. (NYSE:DHI)

Cullen Frost Bankers Inc. lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,328 shares of the construction company’s stock after purchasing an additional 1,803 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in D.R. Horton were worth $16,125,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mountaineer Partners Management LLC purchased a new position in D.R. Horton in the third quarter worth $1,853,178,000. FMR LLC grew its position in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in D.R. Horton in the third quarter worth $72,672,000. Proficio Capital Partners LLC grew its position in D.R. Horton by 22,199.7% in the fourth quarter. Proficio Capital Partners LLC now owns 262,914 shares of the construction company’s stock worth $36,761,000 after acquiring an additional 261,735 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in 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 worth $57,255,000 after acquiring an additional 215,947 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their target price for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Barclays cut their target price on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. JMP Securities restated a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Citigroup cut their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Wells Fargo & Company cut their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $129.47 on Thursday. The company has a market cap of $40.80 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The company has a 50-day moving average price of $136.65 and a 200-day moving average price of $161.73. 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, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the firm earned $2.82 earnings per share. D.R. Horton’s revenue was down 1.5% on a year-over-year basis. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is currently 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.