First Trust Advisors LP Acquires 540,737 Shares of D.R. Horton, Inc. (NYSE:DHI)

First Trust Advisors LP raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 34.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,133,159 shares of the construction company’s stock after acquiring an additional 540,737 shares during the period. First Trust Advisors LP owned about 0.68% of D.R. Horton worth $298,258,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of D.R. Horton by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock valued at $1,009,077,000 after buying an additional 127,606 shares in the last quarter. Norges Bank bought a new position in shares of D.R. Horton in the 4th quarter worth $593,363,000. Franklin Resources Inc. raised its position in shares of D.R. Horton by 71.5% in the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock valued at $499,774,000 after acquiring an additional 1,490,648 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in D.R. Horton by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock worth $259,857,000 after purchasing an additional 47,678 shares during the period. Finally, Principal Financial Group Inc. raised its stake in D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after buying an additional 120,892 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of research reports. Wedbush reiterated a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. UBS Group dropped their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group reduced their price target on D.R. Horton from $173.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday. Barclays decreased their price objective on shares of D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their target price on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average target price of $162.21.

D.R. Horton Trading Up 3.2 %

Shares of DHI stock opened at $121.29 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The company has a market cap of $38.22 billion, a PE ratio of 8.57, a P/E/G ratio of 0.54 and a beta of 1.61. The stock’s fifty day moving average price is $126.41 and its two-hundred day moving average price is $147.27.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter in the previous year, the company posted $3.52 earnings per share. Equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. D.R. Horton’s dividend payout ratio (DPR) is currently 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.