Stifel Financial Corp Acquires 6,943 Shares of D.R. Horton, Inc. (NYSE:DHI)

Stifel Financial Corp boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118,340 shares of the construction company's stock after buying an additional 6,943 shares during the quarter. Stifel Financial Corp's holdings in D.R. Horton were worth $16,547,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Nemes Rush Group LLC grew its holdings in D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC bought a new stake in D.R. Horton during the fourth quarter worth about $30,000. Rosenberg Matthew Hamilton increased its position in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after purchasing an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $38,000. Finally, Sierra Ocean LLC bought a new position in shares of D.R. Horton in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Wall Street Analyst Weigh In

DHI has been the topic of several research analyst reports. BTIG Research dropped their price objective on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. JPMorgan Chase & Co. decreased their target price on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, JMP Securities dropped their price objective on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Stock Down 0.2 %

NYSE DHI traded down $0.27 during mid-day trading on Thursday, hitting $126.07. The company's stock had a trading volume of 935,742 shares, compared to its average volume of 2,941,417. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The firm has a market capitalization of $38.73 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.54 and a beta of 1.61. The company's 50 day simple moving average is $125.78 and its 200 day simple moving average is $143.89. 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 (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. During the same period last year, the company earned $3.52 earnings per share. Analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, May 2nd. D.R. Horton's payout ratio is 12.11%.

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.