Rothschild Asset Management Inc. raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.9% during the first quarter, Holdings Channel reports. The fund owned 650,686 shares of the construction company’s stock after buying an additional 24,485 shares during the period. Rothschild Asset Management Inc. owned about 0.17% of D.R. Horton worth $21,675,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of DHI. Norges Bank acquired a new stake in D.R. Horton during the fourth quarter worth $78,051,000. Oakmont Corp boosted its stake in D.R. Horton by 1,271.8% in the first quarter. Oakmont Corp now owns 1,133,269 shares of the construction company’s stock worth $37,749,000 after buying an additional 1,050,660 shares during the last quarter. Highbridge Capital Management LLC boosted its stake in D.R. Horton by 1,082.0% in the fourth quarter. Highbridge Capital Management LLC now owns 1,087,158 shares of the construction company’s stock worth $29,712,000 after buying an additional 995,183 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in D.R. Horton by 53.3% in the first quarter. TIAA CREF Investment Management LLC now owns 2,597,270 shares of the construction company’s stock worth $86,515,000 after buying an additional 903,031 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its stake in D.R. Horton by 95.8% in the first quarter. WINTON GROUP Ltd now owns 1,711,417 shares of the construction company’s stock worth $51,685,000 after buying an additional 837,515 shares during the last quarter. 82.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of D.R. Horton, Inc. (NYSE:DHI) traded down 0.50% during trading on Friday, hitting $33.65. 3,901,979 shares of the stock were exchanged. The firm has a 50 day moving average price of $33.26 and a 200 day moving average price of $31.41. D.R. Horton, Inc. has a 52 week low of $26.69 and a 52 week high of $34.94. The firm has a market capitalization of $12.64 billion, a P/E ratio of 13.10 and a beta of 1.29.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 20th. The construction company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. D.R. Horton had a net margin of 7.38% and a return on equity of 14.10%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the company posted $0.52 EPS. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. Analysts forecast that D.R. Horton, Inc. will post $2.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Friday, May 5th were paid a $0.10 dividend. The ex-dividend date was Wednesday, May 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.19%. D.R. Horton’s payout ratio is currently 15.63%.
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DHI has been the topic of a number of analyst reports. Wedbush reissued an “outperform” rating and issued a $36.00 target price on shares of D.R. Horton in a research note on Thursday, April 13th. Barclays PLC upped their target price on shares of D.R. Horton from $30.00 to $34.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 7th. Mizuho initiated coverage on shares of D.R. Horton in a research note on Tuesday, May 16th. They issued a “neutral” rating and a $32.00 target price on the stock. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $38.00 target price on shares of D.R. Horton in a research note on Tuesday, June 6th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. D.R. Horton currently has a consensus rating of “Buy” and a consensus price target of $34.73.
About D.R. Horton
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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