Intech Investment Management LLC Buys 3,463 Shares of D.R. Horton, Inc. $DHI

Intech Investment Management LLC grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 22.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,634 shares of the construction company’s stock after buying an additional 3,463 shares during the period. Intech Investment Management LLC’s holdings in D.R. Horton were worth $2,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baker Avenue Asset Management LP lifted its holdings in shares of D.R. Horton by 5.9% during the 4th quarter. Baker Avenue Asset Management LP now owns 67,416 shares of the construction company’s stock valued at $9,710,000 after purchasing an additional 3,762 shares in the last quarter. Godfrey Financial Associates Inc. bought a new position in shares of D.R. Horton during the 4th quarter valued at about $124,000. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of D.R. Horton by 78.5% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 59,796 shares of the construction company’s stock valued at $8,612,000 after purchasing an additional 26,293 shares in the last quarter. GHE LLC lifted its holdings in shares of D.R. Horton by 9.6% during the 4th quarter. GHE LLC now owns 20,520 shares of the construction company’s stock valued at $2,955,000 after purchasing an additional 1,800 shares in the last quarter. Finally, TrustBank acquired a new stake in D.R. Horton in the 4th quarter valued at approximately $86,000. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DHI. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Royal Bank Of Canada lifted their target price on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. UBS Group lifted their target price on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Barclays lifted their target price on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Up 0.6%

NYSE:DHI opened at $147.82 on Wednesday. The firm has a market capitalization of $41.92 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 2.06 and a beta of 1.37. D.R. Horton, Inc. has a twelve month low of $115.79 and a twelve month high of $184.54. The stock’s 50 day moving average price is $144.72 and its two-hundred day moving average price is $149.49. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.09. The firm had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.58 EPS. Equities research analysts expect that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s payout ratio is 16.87%.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.