Oppenheimer Asset Management Inc. Raises Position in D.R. Horton, Inc. $DHI

Oppenheimer Asset Management Inc. lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 79.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,598 shares of the construction company’s stock after buying an additional 18,010 shares during the period. Oppenheimer Asset Management Inc.’s holdings in D.R. Horton were worth $6,880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Candriam S.C.A. raised its holdings in D.R. Horton by 17.1% in the 3rd quarter. Candriam S.C.A. now owns 18,773 shares of the construction company’s stock worth $3,181,000 after acquiring an additional 2,736 shares during the last quarter. Fielder Capital Group LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth $204,000. Canvas Wealth Advisors LLC purchased a new position in shares of D.R. Horton in the third quarter worth $241,000. AdvisorShares Investments LLC purchased a new position in shares of D.R. Horton in the third quarter worth $552,000. Finally, Collier Financial bought a new position in shares of D.R. Horton during the third quarter valued at $68,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DHI shares. Barclays reduced their price objective on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Bank of America decreased their price objective on shares of D.R. Horton from $162.00 to $158.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Finally, UBS Group set a $163.00 price target on D.R. Horton in a research note on Tuesday, January 27th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $160.50.

D.R. Horton Stock Up 5.7%

NYSE DHI opened at $162.23 on Wednesday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $47.00 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 2.37 and a beta of 1.44. The stock’s 50-day moving average price is $152.25 and its 200-day moving average price is $156.69.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. The company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.61 EPS. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio is 16.35%.

D.R. Horton Company 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.