D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Boston Common Asset Management LLC

Boston Common Asset Management LLC raised its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 24.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,671 shares of the construction company's stock after acquiring an additional 7,059 shares during the period. Boston Common Asset Management LLC's holdings in D.R. Horton were worth $4,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Golden State Equity Partners boosted its stake in D.R. Horton by 435.6% in the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock valued at $545,000 after acquiring an additional 3,171 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in D.R. Horton by 15.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,916 shares of the construction company's stock valued at $2,086,000 after purchasing an additional 2,003 shares during the period. Swedbank AB lifted its position in D.R. Horton by 27.0% in the fourth quarter. Swedbank AB now owns 427,045 shares of the construction company's stock valued at $59,709,000 after purchasing an additional 90,776 shares during the period. Allspring Global Investments Holdings LLC lifted its position in D.R. Horton by 82.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company's stock valued at $36,306,000 after purchasing an additional 119,392 shares during the period. Finally, Vontobel Holding Ltd. lifted its position in D.R. Horton by 52.9% in the fourth quarter. Vontobel Holding Ltd. now owns 16,588 shares of the construction company's stock valued at $2,319,000 after purchasing an additional 5,736 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped 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 report on Tuesday, April 15th. Wells Fargo & Company dropped their target price on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Keefe, Bruyette & Woods dropped their target price on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. BTIG Research dropped their target price on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a 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. Finally, Barclays dropped their target price on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Trading Down 0.3%

DHI stock traded down $0.32 during midday trading on Friday, hitting $117.95. The stock had a trading volume of 4,305,130 shares, compared to its average volume of 3,019,152. The firm has a market cap of $36.23 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The company's 50-day moving average price is $122.76 and its 200 day moving average price is $135.59.

D.R. Horton (NYSE:DHI - Get Free Report) last released 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 analysts' expectations of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period in the previous year, the firm posted $3.52 earnings per share. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.36%. D.R. Horton's payout ratio is currently 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.