Northern Trust Corp Acquires 460,804 Shares of D.R. Horton, Inc. (NYSE:DHI)

Northern Trust Corp grew its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,375,050 shares of the construction company's stock after acquiring an additional 460,804 shares during the period. Northern Trust Corp owned 1.07% of D.R. Horton worth $471,899,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of D.R. Horton by 0.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 178,449 shares of the construction company's stock valued at $24,951,000 after buying an additional 1,148 shares during the last quarter. Bellwether Advisors LLC bought a new position in shares of D.R. Horton in the 4th quarter valued at about $896,000. Aquatic Capital Management LLC bought a new position in shares of D.R. Horton in the 4th quarter valued at about $6,923,000. Oxford Asset Management LLP grew its holdings in D.R. Horton by 122.8% during the fourth quarter. Oxford Asset Management LLP now owns 5,549 shares of the construction company's stock worth $776,000 after purchasing an additional 3,058 shares during the period. Finally, Johnson Financial Group Inc. increased its position in D.R. Horton by 2.1% during the fourth quarter. Johnson Financial Group Inc. now owns 33,686 shares of the construction company's stock worth $4,780,000 after buying an additional 692 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Price Performance

D.R. Horton stock traded up $1.68 during mid-day trading on Friday, reaching $127.23. 2,469,150 shares of the company were exchanged, compared to its average volume of 2,954,292. The firm has a market cap of $39.08 billion, a PE ratio of 8.99, a PEG ratio of 0.54 and a beta of 1.61. 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 company has a fifty day simple moving average of $125.66 and a 200-day simple moving average of $143.04. 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 posted its quarterly 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 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 last year, the firm earned $3.52 EPS. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. D.R. Horton's dividend payout ratio (DPR) is 12.11%.

Analyst Ratings Changes

DHI has been the subject of several research analyst reports. JMP Securities reduced their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research note on Monday, April 21st. UBS Group reduced their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada dropped their price objective 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. Citigroup reduced their target price on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of 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. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average 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.