Sandy Spring Bank Raises Stake in D.R. Horton, Inc. (NYSE:DHI)

Sandy Spring Bank boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,086 shares of the construction company’s stock after buying an additional 619 shares during the period. Sandy Spring Bank’s holdings in D.R. Horton were worth $1,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of DHI. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the fourth quarter valued at approximately $30,000. Rosenberg Matthew Hamilton lifted its holdings in D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after acquiring an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton in the fourth quarter valued at approximately $38,000. Sierra Ocean LLC acquired a new position in D.R. Horton in the fourth quarter valued at approximately $43,000. Finally, FSA Wealth Management LLC acquired a new position in D.R. Horton in the third quarter valued at approximately $47,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.6 %

NYSE DHI opened at $131.18 on Friday. The business has a fifty day moving average price of $134.57 and a 200 day moving average price of $157.60. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. 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 company has a market cap of $41.34 billion, a P/E ratio of 9.27, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.82 EPS. Research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business 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 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

Analysts Set New Price Targets

A number of research analysts have issued reports on DHI shares. The Goldman Sachs Group decreased their price target 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. Citigroup decreased their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Wells Fargo & Company reduced their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Finally, StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $170.93.

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.