Fred Alger Management LLC Has $2.13 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Fred Alger Management LLC boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3,396.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,244 shares of the construction company's stock after purchasing an additional 14,808 shares during the period. Fred Alger Management LLC's holdings in D.R. Horton were worth $2,131,000 at the end of the most recent quarter.

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

D.R. Horton Price Performance

DHI traded up $4.01 during trading on Monday, reaching $126.04. The stock had a trading volume of 3,379,450 shares, compared to its average volume of 2,966,987. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The firm has a market capitalization of $38.72 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The stock has a 50 day moving average of $125.26 and a two-hundred day moving average of $139.83. 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 (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the prior year, the company posted $3.52 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio is currently 12.11%.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com downgraded D.R. Horton from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. BTIG Research dropped 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 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. Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Barclays dropped their price target on D.R. Horton from $120.00 to $110.00 and set an "equal weight" 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 assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of "Hold" and a consensus price target of $151.15.

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.