D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 37.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,013 shares of the construction company’s stock after acquiring an additional 1,096 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in D.R. Horton were worth $561,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Insigneo Advisory Services LLC lifted its stake in shares of D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after purchasing an additional 67 shares during the period. Allworth Financial LP raised its position in shares of D.R. Horton by 5.5% in the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock worth $229,000 after acquiring an additional 82 shares during the period. Secure Asset Management LLC boosted its stake in shares of D.R. Horton by 4.8% during the 4th quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock worth $257,000 after acquiring an additional 84 shares in the last quarter. Horizon Investments LLC increased its stake in shares of D.R. Horton by 1.7% in the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock valued at $767,000 after purchasing an additional 91 shares in the last quarter. Finally, Bfsg LLC raised its holdings in D.R. Horton by 24.4% in the 4th quarter. Bfsg LLC now owns 484 shares of the construction company’s stock worth $68,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DHI. Barclays cut their price objective on 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. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their price target for the stock from $160.00 to $150.00 in a report on Monday, January 27th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Wedbush reissued a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. Finally, Wells Fargo & Company reduced their target price 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 equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Price Performance

NYSE:DHI opened at $125.87 on Monday. The stock’s fifty day moving average is $132.91 and its two-hundred day moving average is $154.80. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $39.66 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS 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 firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the business posted $2.82 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend 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 presently 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.