Allstate Corp Buys New Position in D.R. Horton, Inc. (NYSE:DHI)

Allstate Corp purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, HoldingsChannel reports. The firm purchased 8,745 shares of the construction company’s stock, valued at approximately $1,223,000.

Several other hedge funds have also recently added to or reduced their stakes in DHI. Golden State Equity Partners increased its position in shares of D.R. Horton by 435.6% during the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock worth $545,000 after buying an additional 3,171 shares during the period. Toronto Dominion Bank grew its holdings in D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after acquiring an additional 15,460 shares during the period. Pensionfund Sabic raised its position in shares of D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after acquiring an additional 4,000 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock valued at $7,795,000 after purchasing an additional 36,780 shares during the period. Finally, Park Avenue Securities LLC boosted its position in shares of D.R. Horton by 10.9% during the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock valued at $3,923,000 after purchasing an additional 2,767 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

DHI has been the topic of several recent analyst reports. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Wedbush reiterated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Wells Fargo & Company reduced 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 report on Tuesday, December 17th. Barclays dropped their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group reduced 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the 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

DHI opened at $125.87 on Monday. 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. The company has a market capitalization of $39.66 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.80. The firm’s fifty day moving average price is $132.91 and its two-hundred day moving average price is $154.80.

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

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. D.R. Horton’s dividend payout ratio (DPR) 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.