Chase Investment Counsel Corp Increases Stake in D.R. Horton, Inc. (NYSE:DHI)

Chase Investment Counsel Corp raised its position in D.R. Horton, Inc. (NYSE:DHI) by 28.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,800 shares of the construction company’s stock after purchasing an additional 2,400 shares during the period. Chase Investment Counsel Corp’s holdings in D.R. Horton were worth $1,510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Metis Global Partners LLC lifted its holdings in D.R. Horton by 6.8% in the 4th quarter. Metis Global Partners LLC now owns 11,960 shares of the construction company’s stock valued at $1,672,000 after purchasing an additional 766 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in D.R. Horton by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 237,959 shares of the construction company’s stock valued at $33,271,000 after purchasing an additional 5,327 shares in the last quarter. SVB Wealth LLC purchased a new position in D.R. Horton in the 4th quarter valued at $941,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in D.R. Horton by 18.2% in the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,300 shares of the construction company’s stock valued at $182,000 after purchasing an additional 200 shares in the last quarter. Finally, Versor Investments LP purchased a new position in D.R. Horton in the 4th quarter valued at $205,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE DHI opened at $126.59 on Friday. The stock has a 50-day moving average of $137.48 and a two-hundred day moving average of $162.85. 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 market cap of $39.89 billion, a P/E ratio of 8.95, a P/E/G ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data 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 business 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 business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.82 EPS. As a group, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is presently 11.31%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup cut their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. The Goldman Sachs Group cut their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Finally, Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.