D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 16.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,495 shares of the construction company's stock after acquiring an additional 6,648 shares during the quarter. Benjamin Edwards Inc.'s holdings in D.R. Horton were worth $6,642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allworth Financial LP grew its position in D.R. Horton by 5.5% during the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock worth $229,000 after purchasing an additional 82 shares in the last quarter. Nemes Rush Group LLC grew its holdings 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 valued at $27,000 after buying an additional 82 shares in the last quarter. Secure Asset Management LLC raised its position in D.R. Horton by 4.8% during the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock valued at $257,000 after buying an additional 84 shares during the period. Horizon Investments LLC raised its position in D.R. Horton by 1.7% during the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock valued at $767,000 after buying an additional 91 shares during the period. Finally, Bfsg LLC boosted its position in D.R. Horton by 24.4% during the 4th quarter. Bfsg LLC now owns 484 shares of the construction company's stock worth $68,000 after acquiring an additional 95 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DHI. Keefe, Bruyette & Woods dropped their target price on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group decreased their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Wedbush restated a "neutral" rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. JPMorgan Chase & Co. cut their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Finally, Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and an average price target of $151.15.

D.R. Horton Trading Down 1.3 %

NYSE:DHI opened at $125.67 on Tuesday. The company's 50 day moving average is $125.60 and its 200-day moving average is $141.88. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The firm has a market cap of $38.60 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate 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 quarter last year, the company earned $3.52 earnings per share. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

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

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.

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