Boston Research & Management Inc. Decreases Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Boston Research & Management Inc. decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,453 shares of the construction company’s stock after selling 325 shares during the quarter. D.R. Horton makes up 1.4% of Boston Research & Management Inc.’s holdings, making the stock its 28th largest position. Boston Research & Management Inc.’s holdings in D.R. Horton were worth $5,656,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DHI. Cannell & Spears LLC raised its position in D.R. Horton by 147.6% during the fourth quarter. Cannell & Spears LLC now owns 125,462 shares of the construction company’s stock worth $17,542,000 after acquiring an additional 74,786 shares during the period. Alliancebernstein L.P. grew its holdings in shares of D.R. Horton by 5.3% during the 4th quarter. Alliancebernstein L.P. now owns 551,701 shares of the construction company’s stock worth $77,139,000 after purchasing an additional 27,621 shares during the period. AIA Group Ltd raised its position in D.R. Horton by 15.2% in the fourth quarter. AIA Group Ltd now owns 4,662 shares of the construction company’s stock valued at $652,000 after purchasing an additional 616 shares during the period. Bcwm LLC purchased a new position in shares of D.R. Horton in the fourth quarter valued at approximately $7,385,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in D.R. Horton in the 4th quarter valued at about $54,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on DHI. Wells Fargo & Company lowered their price objective on 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. Citigroup dropped 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 research note on Monday, January 6th. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their target price for the company from $188.00 to $156.00 in a report on Friday, December 13th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Finally, Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Price Performance

NYSE DHI opened at $125.87 on Monday. The firm has a market cap of $39.66 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The stock’s 50-day moving average is $132.91 and its two-hundred day moving average is $154.80. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week 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 posted its 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 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 analyst estimates of $7.12 billion. During the same period in the previous year, the company earned $2.82 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is 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.