Tower Research Capital LLC TRC Has $1.70 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Tower Research Capital LLC TRC lifted its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 42.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,182 shares of the construction company's stock after acquiring an additional 3,659 shares during the period. Tower Research Capital LLC TRC's holdings in D.R. Horton were worth $1,703,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DHI shares. Wedbush reissued a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. BTIG Research lowered their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research report 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. UBS Group cut their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. JMP Securities lowered their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a report on Monday, April 21st. Finally, Citigroup cut their price target on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $151.15.

D.R. Horton Stock Performance

Shares of DHI stock traded down $0.51 during trading on Monday, reaching $124.05. 557,275 shares of the company's stock were exchanged, compared to its average volume of 3,815,021. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The firm's fifty day moving average price is $125.87 and its 200-day moving average price is $144.55. 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 stock has a market capitalization of $38.11 billion, a PE ratio of 8.77, a PEG ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same period in the previous year, the company posted $3.52 EPS. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be given a $0.40 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.29%. D.R. Horton's payout ratio is presently 12.11%.

D.R. Horton 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.