Grantham Mayo Van Otterloo & Co. LLC Grows Stake in D.R. Horton, Inc. (NYSE:DHI)

Grantham Mayo Van Otterloo & Co. LLC grew its position in D.R. Horton, Inc. (NYSE:DHI) by 150.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 251,942 shares of the construction company’s stock after purchasing an additional 151,188 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in D.R. Horton were worth $35,227,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on DHI shares. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and cut their price target for the company from $160.00 to $150.00 in a report on Monday, January 27th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Citigroup decreased their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Up 4.4 %

D.R. Horton stock opened at $127.67 on Friday. The business’s 50-day simple moving average is $131.02 and its two-hundred day simple moving average is $152.73. 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 $40.23 billion, a PE ratio of 9.02, a PEG ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a fifty-two week low of $118.00 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the firm earned $2.82 earnings per share. D.R. Horton’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

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.