Royal London Asset Management Ltd. Purchases 9,722 Shares of D.R. Horton, Inc. (NYSE:DHI)

Royal London Asset Management Ltd. increased its position in D.R. Horton, Inc. (NYSE:DHI) by 7.7% during the fourth quarter, Holdings Channel reports. The firm owned 136,120 shares of the construction company’s stock after buying an additional 9,722 shares during the quarter. Royal London Asset Management Ltd.’s holdings in D.R. Horton were worth $19,032,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Investment House LLC raised its holdings in shares of D.R. Horton by 109.6% in the 4th quarter. Investment House LLC now owns 50,846 shares of the construction company’s stock valued at $7,109,000 after purchasing an additional 26,582 shares during the period. Generali Asset Management SPA SGR bought a new stake in shares of D.R. Horton in the 4th quarter valued at about $2,205,000. Horizon Investments LLC raised its holdings in shares of D.R. Horton by 1.7% in the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock valued at $767,000 after purchasing an additional 91 shares during the period. Curio Wealth LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at about $112,000. Finally, Cibc World Markets Corp grew its stake in D.R. Horton by 15.1% in the 4th quarter. Cibc World Markets Corp now owns 46,066 shares of the construction company’s stock valued at $6,441,000 after buying an additional 6,060 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays decreased 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 research note on Wednesday, January 22nd. Royal Bank of Canada reiterated an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. JMP Securities reiterated a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. UBS Group decreased their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group decreased their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Performance

NYSE DHI opened at $128.77 on Friday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $40.58 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 0.54 and a beta of 1.80. The firm’s 50 day simple moving average is $134.42 and its 200 day simple moving average is $157.19. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $2.82 EPS. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

D.R. Horton Company 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.