Bahl & Gaynor Inc. Buys 896 Shares of D.R. Horton, Inc. (NYSE:DHI)

Bahl & Gaynor Inc. raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.8% during the 4th quarter, Holdings Channel reports. The fund owned 114,004 shares of the construction company’s stock after purchasing an additional 896 shares during the period. Bahl & Gaynor Inc.’s holdings in D.R. Horton were worth $15,940,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Covestor Ltd boosted its position in shares of D.R. Horton by 6.6% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after purchasing an additional 66 shares in the last quarter. Insigneo Advisory Services LLC boosted its position in shares of D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after purchasing an additional 67 shares in the last quarter. Demars Financial Group LLC boosted its position in shares of D.R. Horton by 3.5% in the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after purchasing an additional 74 shares in the last quarter. Private Trust Co. NA boosted its position in shares of D.R. Horton by 1.0% in the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after purchasing an additional 78 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of D.R. Horton by 5.5% in the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock worth $229,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE DHI opened at $125.74 on Wednesday. The stock has a 50-day simple moving average of $136.88 and a two-hundred day simple moving average of $161.96. The firm has a market capitalization of $39.62 billion, a P/E ratio of 8.89, a PEG ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85. 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 announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the business earned $2.82 EPS. D.R. Horton’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. D.R. Horton’s dividend payout ratio is presently 11.31%.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of recent analyst reports. Barclays lowered their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. The Goldman Sachs Group reduced their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Finally, Royal Bank of Canada restated an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $170.93.

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.