World Investment Advisors Acquires 1,326 Shares of D.R. Horton, Inc. (NYSE:DHI)

World Investment Advisors boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 45.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,259 shares of the construction company’s stock after acquiring an additional 1,326 shares during the quarter. World Investment Advisors’ holdings in D.R. Horton were worth $596,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DHI. OneAscent Financial Services LLC lifted its holdings in D.R. Horton by 21.2% during the 4th quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company’s stock worth $465,000 after buying an additional 582 shares during the period. Cynosure Group LLC raised its position in shares of D.R. Horton by 199.8% during the fourth quarter. Cynosure Group LLC now owns 6,970 shares of the construction company’s stock worth $975,000 after acquiring an additional 4,645 shares during the last quarter. Huntington National Bank lifted its stake in shares of D.R. Horton by 2.4% in the fourth quarter. Huntington National Bank now owns 32,537 shares of the construction company’s stock worth $4,549,000 after acquiring an additional 769 shares during the period. Geode Capital Management LLC increased its position in D.R. Horton by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock valued at $1,009,077,000 after purchasing an additional 127,606 shares during the period. Finally, Nemes Rush Group LLC raised its holdings in D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the subject of several recent analyst reports. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. UBS Group cut their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, D.R. Horton has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Performance

DHI opened at $120.69 on Tuesday. D.R. Horton, Inc. has a 1-year low of $118.00 and a 1-year high of $199.85. The company has a market cap of $38.03 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 0.54 and a beta of 1.61. The company’s fifty day moving average price is $130.49 and its two-hundred day moving average price is $151.90. 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 posted its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.82 EPS. On average, analysts expect 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. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. D.R. Horton’s payout ratio is 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.