D.R. Horton, Inc. (NYSE:DHI) Stock Position Increased by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 30,737 shares of the construction company’s stock after buying an additional 331 shares during the quarter. Freestone Capital Holdings LLC’s holdings in D.R. Horton were worth $4,298,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DHI. Farther Finance Advisors LLC raised its stake in shares of D.R. Horton by 11.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,368 shares of the construction company’s stock worth $452,000 after buying an additional 235 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of D.R. Horton by 10.6% in the 3rd quarter. Van ECK Associates Corp now owns 57,284 shares of the construction company’s stock worth $10,328,000 after buying an additional 5,501 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of D.R. Horton by 2.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 117,316 shares of the construction company’s stock worth $22,380,000 after buying an additional 2,712 shares in the last quarter. PDS Planning Inc bought a new stake in shares of D.R. Horton in the 3rd quarter worth $222,000. Finally, Impax Asset Management Group plc acquired a new stake in shares of D.R. Horton during the third quarter worth $4,260,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. The Goldman Sachs Group reduced their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Wedbush reaffirmed a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $129.47 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm has a market cap of $40.80 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 0.54 and a beta of 1.76. The business’s 50-day simple moving average is $136.65 and its 200-day simple moving average is $161.73. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

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.