Harbor Capital Advisors Inc. Buys Shares of 5,450 D.R. Horton, Inc. (NYSE:DHI)

Harbor Capital Advisors Inc. acquired a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,450 shares of the construction company's stock, valued at approximately $693,000.

Other institutional investors have also modified their holdings of the company. Stephens Inc. AR lifted its position in shares of D.R. Horton by 10.4% in the fourth quarter. Stephens Inc. AR now owns 3,500 shares of the construction company's stock valued at $489,000 after acquiring an additional 330 shares in the last quarter. Leavell Investment Management Inc. raised its stake in shares of D.R. Horton by 7.9% during the fourth quarter. Leavell Investment Management Inc. now owns 2,777 shares of the construction company's stock valued at $388,000 after purchasing an additional 204 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of D.R. Horton by 82.8% during 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. Avestar Capital LLC increased its stake in shares of D.R. Horton by 37.2% in the fourth quarter. Avestar Capital LLC now owns 1,648 shares of the construction company's stock worth $230,000 after buying an additional 447 shares during the last quarter. Finally, IMS Capital Management increased its stake in shares of D.R. Horton by 19.1% in the fourth quarter. IMS Capital Management now owns 4,543 shares of the construction company's stock worth $635,000 after buying an additional 730 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

NYSE DHI traded down $3.25 on Friday, reaching $122.99. The stock had a trading volume of 3,201,222 shares, compared to its average volume of 3,052,127. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm has a fifty day moving average of $122.20 and a two-hundred day moving average of $132.73. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a market cap of $37.78 billion, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 0.54 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last released its 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). The company had revenue of $7.73 billion for the quarter, compared to analyst estimates 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 last year, the company posted $3.52 earnings per share. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.30%. The ex-dividend date was Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price target 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 reduced their target price on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Royal Bank of Canada reduced their target price on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a report on Monday, April 21st. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.