Intrust Bank NA Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Intrust Bank NA bought a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,623 shares of the construction company’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mountaineer Partners Management LLC acquired a new position in D.R. Horton in the 3rd quarter valued at $1,853,178,000. Norges Bank acquired a new stake in shares of D.R. Horton in the fourth quarter valued at about $593,363,000. Raymond James Financial Inc. purchased a new position in shares of D.R. Horton in the fourth quarter worth about $98,720,000. Amundi boosted its position in D.R. Horton by 69.1% during the fourth 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 last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new stake in D.R. Horton during the 3rd quarter valued at about $72,672,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 3.2 %

DHI opened at $125.87 on Monday. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $132.91 and a 200-day simple moving average of $154.80. The firm has a market cap of $39.66 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. D.R. Horton’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the business posted $2.82 EPS. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DHI shares. Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. The Goldman Sachs Group reduced their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Finally, Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $170.93.

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.