Hennessy Advisors Inc. Buys 2,300 Shares of D.R. Horton, Inc. (NYSE:DHI)

Hennessy Advisors Inc. grew its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 14.3% during the 1st 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 purchasing an additional 2,300 shares during the period. Hennessy Advisors Inc.'s holdings in D.R. Horton were worth $2,339,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Avestar Capital LLC raised its stake in D.R. Horton by 37.2% during the fourth quarter. Avestar Capital LLC now owns 1,648 shares of the construction company's stock worth $230,000 after acquiring an additional 447 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of D.R. Horton by 52.9% during the 4th 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 last quarter. Valeo Financial Advisors LLC lifted its stake in D.R. Horton by 6.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 3,796 shares of the construction company's stock valued at $531,000 after purchasing an additional 229 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in D.R. Horton by 1.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after buying an additional 5,052 shares in the last quarter. Finally, Principal Securities Inc. boosted its position in D.R. Horton by 4.8% in the fourth quarter. Principal Securities Inc. now owns 11,215 shares of the construction company's stock valued at $1,568,000 after buying an additional 515 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Up 1.1%

NYSE DHI traded up $1.34 on Thursday, hitting $121.26. 3,265,613 shares of the company were exchanged, compared to its average volume of 3,061,622. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The company has a market cap of $37.25 billion, a PE ratio of 9.18, a PEG ratio of 3.75 and a beta of 1.37. The stock has a fifty day moving average of $122.35 and a 200-day moving average of $131.75. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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). D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the prior year, the business earned $3.52 earnings per share. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed 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 was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. D.R. Horton's dividend payout ratio is 12.11%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped 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. JPMorgan Chase & Co. cut their price target on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods dropped their price objective 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. Finally, Royal Bank Of Canada cut their target price on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Company 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.