Janus Henderson Group PLC Acquires 9,950 Shares of D.R. Horton, Inc. (NYSE:DHI)

Janus Henderson Group PLC boosted its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 27.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,083 shares of the construction company's stock after purchasing an additional 9,950 shares during the quarter. Janus Henderson Group PLC's holdings in D.R. Horton were worth $6,443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Nemes Rush Group LLC lifted its holdings 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 buying an additional 82 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in D.R. Horton during the fourth quarter valued at $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in D.R. Horton during the fourth quarter valued at $38,000. Sierra Ocean LLC bought a new stake in D.R. Horton in the 4th quarter valued at $43,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in D.R. Horton in the 4th quarter worth $43,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays cut their price objective on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. BTIG Research dropped their price target on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. The Goldman Sachs Group cut their price target on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Keefe, Bruyette & Woods decreased their price objective on 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. Finally, Wells Fargo & Company lowered their target price on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Two investment 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, D.R. Horton currently has an average rating of "Hold" and an average target price of $151.15.

D.R. Horton Trading Down 1.9%

Shares of D.R. Horton stock traded down $2.36 on Tuesday, reaching $122.57. The company had a trading volume of 1,973,304 shares, compared to its average volume of 2,975,667. The firm has a market cap of $37.65 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 0.54 and a beta of 1.45. 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's 50-day moving average price is $124.44 and its two-hundred day moving average price is $138.21. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (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 quarter in the prior year, the business earned $3.52 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.31%. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

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.