Huntington National Bank Has $4.55 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Huntington National Bank boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.4% in the fourth quarter, Holdings Channel reports. The firm owned 32,537 shares of the construction company’s stock after purchasing an additional 769 shares during the period. Huntington National Bank’s holdings in D.R. Horton were worth $4,549,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of D.R. Horton by 7.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after buying an additional 120,892 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of D.R. Horton by 10.8% during the third quarter. Public Sector Pension Investment Board now owns 12,352 shares of the construction company’s stock worth $2,356,000 after purchasing an additional 1,200 shares during the period. Atom Investors LP bought a new position in shares of D.R. Horton during the 3rd quarter valued at about $274,000. Ascent Group LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at approximately $215,000. Finally, Hilltop Holdings Inc. increased its stake in D.R. Horton by 119.5% during the 3rd quarter. Hilltop Holdings Inc. now owns 6,999 shares of the construction company’s stock worth $1,335,000 after purchasing an additional 3,811 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

NYSE:DHI opened at $128.07 on Thursday. The stock has a market capitalization of $40.36 billion, a PE ratio of 9.05, a P/E/G ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 1-year low of $123.40 and a 1-year high of $199.85. The firm has a fifty day simple moving average of $131.79 and a 200 day simple moving average of $153.71. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last announced 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 company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.82 EPS. On average, research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.25%. D.R. Horton’s payout ratio is 11.31%.

Analysts Set New Price Targets

A number of research analysts have weighed in on DHI shares. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Wells Fargo & Company reduced their target price on shares of 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. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut 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 report on Friday, December 13th. Finally, JMP Securities reiterated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $170.93.

About D.R. Horton

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.