D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its position in D.R. Horton, Inc. (NYSE:DHI) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,416 shares of the construction company’s stock after purchasing an additional 401 shares during the quarter. Foundations Investment Advisors LLC’s holdings in D.R. Horton were worth $617,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mountaineer Partners Management LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $1,853,178,000. FMR LLC lifted its position in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after acquiring an additional 2,442,581 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in D.R. Horton in the third quarter valued at $72,672,000. Nordea Investment Management AB grew its holdings in shares of D.R. Horton by 112.7% during the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock worth $57,255,000 after purchasing an additional 215,947 shares during the last quarter. Finally, KBC Group NV increased its position in shares of D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after purchasing an additional 212,112 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DHI. Citigroup decreased their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. BTIG Research lowered their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. UBS Group lowered 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. Finally, Barclays reduced their target price on shares of 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $170.20.

D.R. Horton Stock Up 2.8 %

D.R. Horton stock opened at $145.94 on Friday. The stock’s 50 day moving average price is $148.99 and its 200 day moving average price is $169.05. The company has a market cap of $46.82 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.61. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the business earned $2.82 earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.87 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.10%. D.R. Horton’s dividend payout ratio is presently 11.31%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

About D.R. Horton

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.