Tidal Investments LLC Raises Holdings in D.R. Horton, Inc. (NYSE:DHI)

Tidal Investments LLC lifted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 15.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,512 shares of the construction company's stock after buying an additional 6,853 shares during the quarter. Tidal Investments LLC's holdings in D.R. Horton were worth $7,202,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new position in D.R. Horton in the 4th quarter worth about $593,363,000. Franklin Resources Inc. raised its holdings in D.R. Horton by 71.5% in the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after purchasing an additional 1,490,648 shares during the period. Raymond James Financial Inc. acquired a new position in D.R. Horton in the 4th quarter worth about $98,720,000. Renaissance Technologies LLC raised its holdings in D.R. Horton by 676.4% in the 4th quarter. Renaissance Technologies LLC now owns 756,538 shares of the construction company's stock worth $105,779,000 after purchasing an additional 659,100 shares during the period. Finally, Amundi raised its holdings in D.R. Horton by 69.1% in the 4th quarter. Amundi now owns 1,358,213 shares of the construction company's stock worth $190,014,000 after purchasing an additional 555,122 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. 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. 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. Finally, Seaport Res Ptn raised 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 assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $151.15.

D.R. Horton Trading Down 0.7%

DHI opened at $124.87 on Tuesday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The business has a fifty day simple moving average of $124.44 and a 200-day simple moving average of $138.21. The firm has a market cap of $38.36 billion, a P/E ratio of 8.82, a P/E/G ratio of 0.54 and a beta of 1.45. 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 (NYSE:DHI - Get Free Report) last released 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 firm had revenue of $7.73 billion for the quarter, compared to analysts' expectations 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. On average, equities analysts expect 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. Stockholders of record on Friday, May 2nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, May 2nd. D.R. Horton's payout ratio is currently 12.11%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.