Navigoe LLC Takes Position in D.R. Horton, Inc. (NYSE:DHI)

Navigoe LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,033 shares of the construction company’s stock, valued at approximately $144,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of D.R. Horton in the fourth quarter valued at $593,363,000. Franklin Resources Inc. grew its holdings in 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 buying an additional 1,490,648 shares during the period. Raymond James Financial Inc. acquired a new position in shares of D.R. Horton during the 4th quarter valued at about $98,720,000. Renaissance Technologies LLC increased its stake in shares of D.R. Horton by 676.4% during the 4th quarter. Renaissance Technologies LLC now owns 756,538 shares of the construction company’s stock valued at $105,779,000 after acquiring an additional 659,100 shares during the last quarter. Finally, Amundi lifted its holdings in shares of D.R. Horton by 69.1% during the 4th quarter. Amundi now owns 1,358,213 shares of the construction company’s stock worth $190,014,000 after acquiring an additional 555,122 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $124.78 on Wednesday. The company has a market capitalization of $38.33 billion, a PE ratio of 8.82, a P/E/G ratio of 0.54 and a beta of 1.61. The stock’s 50 day moving average is $125.77 and its two-hundred day moving average is $144.01. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85.

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

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be given a $0.40 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. D.R. Horton’s payout ratio is 12.11%.

Analysts Set New Price Targets

Several equities analysts recently commented on DHI shares. Keefe, Bruyette & Woods dropped their price target on shares of D.R. Horton from $165.00 to $135.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. Citigroup dropped their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. StockNews.com cut D.R. Horton from a “hold” rating to a “sell” rating in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their price target on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Finally, JMP Securities dropped their target price on shares of D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating for the company in a research report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $151.15.

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.