Baxter Bros Inc. Grows Holdings in D.R. Horton, Inc. (NYSE:DHI)

Baxter Bros Inc. grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 22.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,014 shares of the construction company’s stock after purchasing an additional 3,074 shares during the quarter. Baxter Bros Inc.’s holdings in D.R. Horton were worth $2,379,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DHI. Mountaineer Partners Management LLC bought a new position in D.R. Horton in the third quarter worth approximately $1,853,178,000. FMR LLC grew its position in shares of D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after buying an additional 2,442,581 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of D.R. Horton during the fourth quarter valued at $98,720,000. Amundi boosted its stake in shares of D.R. Horton by 69.1% during the fourth quarter. Amundi now owns 1,358,213 shares of the construction company’s stock valued at $190,014,000 after purchasing an additional 555,122 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in D.R. Horton in the third quarter worth approximately $72,672,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. UBS Group cut their price objective on shares of 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. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Finally, Barclays decreased their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Trading Up 1.3 %

NYSE DHI opened at $130.49 on Tuesday. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85. 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 capitalization of $41.12 billion, a PE ratio of 9.22, a P/E/G ratio of 0.54 and a beta of 1.80. The company has a fifty day moving average of $134.26 and a 200 day moving average of $156.43.

D.R. Horton (NYSE:DHI) last issued 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 company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 EPS. Research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid 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 dividend yield of 1.23%. 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.