Cynosure Group LLC Purchases 4,645 Shares of D.R. Horton, Inc. (NYSE:DHI)

Cynosure Group LLC boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 199.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,970 shares of the construction company’s stock after purchasing an additional 4,645 shares during the quarter. Cynosure Group LLC’s holdings in D.R. Horton were worth $975,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Barclays cut their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Trading Up 0.1 %

Shares of DHI stock opened at $127.26 on Wednesday. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. The firm has a market capitalization of $40.10 billion, a P/E ratio of 8.99, a PEG ratio of 0.54 and a beta of 1.80. The stock’s fifty day moving average is $132.16 and its two-hundred day moving average is $153.89. 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 (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate 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 period last year, the company earned $2.82 EPS. Research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio 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.