Mariner LLC Has $23.57 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Mariner LLC raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 168,603 shares of the construction company’s stock after acquiring an additional 1,053 shares during the period. Mariner LLC’s holdings in D.R. Horton were worth $23,574,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Norges Bank bought a new stake in D.R. Horton in the 4th quarter valued at $593,363,000. Franklin Resources Inc. lifted its holdings in shares of D.R. Horton by 71.5% in the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock valued at $499,774,000 after purchasing an additional 1,490,648 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of D.R. Horton during the fourth quarter worth about $98,720,000. Renaissance Technologies LLC grew its holdings in shares of D.R. Horton by 676.4% during the fourth quarter. Renaissance Technologies LLC now owns 756,538 shares of the construction company’s stock worth $105,779,000 after buying an additional 659,100 shares in the last quarter. Finally, Amundi raised its position in D.R. Horton by 69.1% in the 4th quarter. Amundi now owns 1,358,213 shares of the construction company’s stock valued at $190,014,000 after buying an additional 555,122 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 research reports. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. JMP Securities reissued a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. BTIG Research set a $150.00 target price on D.R. Horton and gave the stock a “buy” rating in a report on Wednesday. Finally, UBS Group reduced their price target on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average price target of $165.50.

D.R. Horton Stock Down 1.8 %

D.R. Horton stock opened at $117.64 on Thursday. The company’s 50-day moving average price is $126.77 and its two-hundred day moving average price is $148.24. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a market cap of $37.07 billion, a P/E ratio of 8.31, a P/E/G ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI) last announced 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 return on equity of 18.48% and a net margin of 12.69%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 earnings per share. As a group, analysts expect 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. Stockholders of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. D.R. Horton’s payout ratio is presently 11.31%.

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.