Fulton Bank N.A. Acquires 4,387 Shares of D.R. Horton, Inc. (NYSE:DHI)

Fulton Bank N.A. increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 22.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,770 shares of the construction company's stock after buying an additional 4,387 shares during the period. Fulton Bank N.A.'s holdings in D.R. Horton were worth $3,022,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in D.R. Horton in the fourth quarter worth $593,363,000. Franklin Resources Inc. grew its holdings in shares of D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock valued at $499,774,000 after buying an additional 1,490,648 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of D.R. Horton by 19,102.6% during the first quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after buying an additional 911,960 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of D.R. Horton by 1,838.0% during the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after buying an additional 832,358 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of D.R. Horton during the fourth quarter valued at about $98,720,000. Institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

NYSE DHI traded up $5.29 on Wednesday, hitting $123.64. The stock had a trading volume of 3,721,663 shares, compared to its average volume of 3,026,907. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company has a market capitalization of $37.98 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The firm has a 50-day moving average of $122.27 and a 200-day moving average of $134.79.

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

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is currently 12.11%.

Analysts Set New Price Targets

Several research analysts recently weighed in on DHI shares. 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 on the stock in a report on Tuesday, April 22nd. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Royal Bank of Canada cut their price target on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. lowered their price objective 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. Finally, Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.