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

Formidable Asset Management LLC grew its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 91.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,672 shares of the construction company's stock after buying an additional 2,232 shares during the quarter. Formidable Asset Management LLC's holdings in D.R. Horton were worth $653,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Nemes Rush Group LLC raised 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 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 during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton during the 4th quarter worth approximately $38,000. Sierra Ocean LLC purchased a new position in shares of D.R. Horton during the 4th quarter worth approximately $43,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Price Performance

Shares of NYSE DHI traded down $0.65 on Friday, hitting $117.62. The company's stock had a trading volume of 1,296,377 shares, compared to its average volume of 3,002,529. The stock has a 50 day moving average of $122.99 and a 200-day moving average of $135.90. The company has a market capitalization of $36.13 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. 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 (NYSE:DHI - Get Free Report) last issued its quarterly earnings data 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 return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the prior year, the firm earned $3.52 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DHI. JMP Securities dropped their price objective on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a report on Monday, April 21st. 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 research report on Monday, April 21st. Keefe, Bruyette & Woods cut their price target 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. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, D.R. Horton presently has an average 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.