Hennessy Advisors Inc. Grows Holdings in D.R. Horton, Inc. (NYSE:DHI)

Hennessy Advisors Inc. lifted its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 14.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 18,400 shares of the construction company's stock after acquiring an additional 2,300 shares during the quarter. Hennessy Advisors Inc.'s holdings in D.R. Horton were worth $2,339,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DHI. Nemes Rush Group LLC grew its stake in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after acquiring an additional 82 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $38,000. Sierra Ocean LLC bought a new position in shares of D.R. Horton during the fourth quarter valued at approximately $43,000. Itau Unibanco Holding S.A. purchased a new position in shares of D.R. Horton during the fourth quarter valued at $43,000. Finally, Oarsman Capital Inc. raised its stake in shares of D.R. Horton by 146.7% during the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after acquiring an additional 198 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

Shares of NYSE DHI traded up $0.49 during mid-day trading on Monday, reaching $123.57. 2,182,145 shares of the company were exchanged, compared to its average volume of 3,053,480. The stock has a market capitalization of $37.96 billion, a P/E ratio of 8.73, a P/E/G ratio of 0.54 and a beta of 1.37. The company's 50-day simple moving average is $122.20 and its 200-day simple moving average is $132.22. 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, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate 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 EPS. As a group, research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

Analysts Set New Price Targets

DHI has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Barclays decreased their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Wells Fargo & Company cut their price target on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada lowered their price target on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a report on Monday, April 21st. Finally, Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of "Hold" and a consensus price target of $151.15.

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.