Raiffeisen Bank International AG Buys Shares of 3,681 D.R. Horton, Inc. (NYSE:DHI)

Raiffeisen Bank International AG bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,681 shares of the construction company's stock, valued at approximately $513,000.

A number of other hedge funds have also bought and sold shares of the stock. Redwood Investment Management LLC acquired a new position in D.R. Horton in the 4th quarter worth approximately $1,425,000. ProShare Advisors LLC raised its position in D.R. Horton by 1.4% during the fourth quarter. ProShare Advisors LLC now owns 44,703 shares of the construction company's stock valued at $6,250,000 after acquiring an additional 624 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in D.R. Horton by 29.5% in the fourth quarter. Quantinno Capital Management LP now owns 50,055 shares of the construction company's stock valued at $6,999,000 after acquiring an additional 11,413 shares during the period. Mufg Securities Americas Inc. purchased a new stake in D.R. Horton in the 4th quarter worth approximately $602,000. Finally, Man Group plc grew its position in D.R. Horton by 161.5% during the fourth quarter. Man Group plc now owns 425,028 shares of the construction company's stock valued at $59,427,000 after buying an additional 262,486 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Price Performance

DHI stock traded down $3.00 during midday trading on Wednesday, reaching $119.68. The stock had a trading volume of 3,698,585 shares, compared to its average volume of 2,983,972. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company's fifty day simple moving average is $124.39 and its 200 day simple moving average is $138.11. The company has a market cap of $36.76 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly 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). The company had revenue of $7.73 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $3.52 EPS. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.34%. D.R. Horton's payout ratio is 12.11%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DHI. Barclays dropped their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. BTIG Research dropped their price objective on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a report 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. JPMorgan Chase & Co. cut their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. 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 research note on Monday, April 14th. Finally, Royal Bank of Canada dropped 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 research note on Monday, April 21st. Two equities 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 given a strong buy rating to the stock. According to data from MarketBeat, D.R. Horton has a consensus rating of "Hold" and an average 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.