Carret Asset Management LLC Raises Holdings in D.R. Horton, Inc. (NYSE:DHI)

Carret Asset Management LLC grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 22,967 shares of the construction company’s stock after purchasing an additional 1,580 shares during the quarter. Carret Asset Management LLC’s holdings in D.R. Horton were worth $3,779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Synovus Financial Corp lifted its stake in shares of D.R. Horton by 3.4% during the third quarter. Synovus Financial Corp now owns 4,090 shares of the construction company’s stock worth $440,000 after buying an additional 135 shares during the period. Gotham Asset Management LLC raised its stake in shares of D.R. Horton by 11.3% in the third quarter. Gotham Asset Management LLC now owns 25,416 shares of the construction company’s stock worth $2,731,000 after purchasing an additional 2,582 shares during the last quarter. Hodges Capital Management Inc. acquired a new stake in shares of D.R. Horton during the third quarter worth about $252,000. Lazard Asset Management LLC boosted its position in D.R. Horton by 64.8% in the third quarter. Lazard Asset Management LLC now owns 153,805 shares of the construction company’s stock valued at $16,528,000 after buying an additional 60,483 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in D.R. Horton in the 3rd quarter worth approximately $3,300,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

NYSE:DHI traded up $0.82 during trading hours on Wednesday, hitting $136.03. 1,614,065 shares of the stock were exchanged, compared to its average volume of 2,465,509. The firm’s fifty day moving average price is $144.72 and its 200 day moving average price is $148.40. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75. The company has a market cap of $44.80 billion, a P/E ratio of 9.26, a P/E/G ratio of 0.70 and a beta of 1.71. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the prior year, the company earned $2.73 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.88%. D.R. Horton’s payout ratio is 8.17%.

Analysts Set New Price Targets

Several research firms have recently commented on DHI. Keefe, Bruyette & Woods upped their price objective on shares of D.R. Horton from $172.00 to $178.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Barclays cut their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Wedbush reissued an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a report on Thursday, April 18th. Citigroup lowered D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $181.00 to $156.00 in a report on Tuesday. Finally, Bank of America decreased their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $156.75.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now owns 1,703 shares in the company, valued at $256,642.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now directly owns 1,703 shares in the company, valued at approximately $256,642.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the sale, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The disclosure for this sale can be found here. Corporate insiders own 1.74% of the company’s stock.

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.