Rafferty Asset Management LLC Has $31.36 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

Rafferty Asset Management LLC lifted its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 43.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 224,304 shares of the construction company's stock after buying an additional 67,857 shares during the quarter. Rafferty Asset Management LLC owned about 0.07% of D.R. Horton worth $31,362,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DHI. Nemes Rush Group LLC raised its holdings in D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares during the last quarter. Golden State Wealth Management LLC bought a new position in D.R. Horton in the fourth quarter valued at approximately $30,000. Rosenberg Matthew Hamilton grew its holdings in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after acquiring an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in D.R. Horton during the 4th quarter worth $38,000. Finally, Sierra Ocean LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at $43,000. 90.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DHI shares. Wells Fargo & Company reduced their price target on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Barclays reduced their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. decreased their target price 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. Royal Bank of Canada cut 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 report on Monday, April 21st. Finally, Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $151.15.

D.R. Horton Stock Down 0.7%

Shares of DHI traded down $0.88 during mid-day trading on Monday, hitting $124.87. 2,068,650 shares of the company's stock were exchanged, compared to its average volume of 2,973,335. The company has a market cap of $38.36 billion, a PE ratio of 8.82, a P/E/G ratio of 0.54 and a beta of 1.45. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a 50-day simple moving average of $124.52 and a 200 day simple moving average of $138.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI - Get Free Report) last released its 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). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the prior year, the firm posted $3.52 EPS. On average, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a dividend of $0.40 per share. 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 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.