Cullen Frost Bankers Inc. Buys 9,993 Shares of D.R. Horton, Inc. (NYSE:DHI)

Cullen Frost Bankers Inc. lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 9.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 119,277 shares of the construction company’s stock after buying an additional 9,993 shares during the period. Cullen Frost Bankers Inc.’s holdings in D.R. Horton were worth $18,128,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC boosted its position in shares of D.R. Horton by 390.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock valued at $79,884,000 after purchasing an additional 591,787 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after acquiring an additional 484,058 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of D.R. Horton by 1,357.4% during the third quarter. Acadian Asset Management LLC now owns 490,043 shares of the construction company’s stock valued at $52,652,000 after acquiring an additional 456,419 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of D.R. Horton by 150.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 571,051 shares of the construction company’s stock valued at $61,371,000 after acquiring an additional 342,884 shares during the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in shares of D.R. Horton during the third quarter valued at approximately $36,657,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DHI. Barclays decreased their target price on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Seaport Res Ptn lowered D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. JMP Securities lifted their price objective on D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. Bank of America lowered their target price on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research note on Friday, April 19th. Finally, Raymond James boosted their target price on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.41.

D.R. Horton Stock Down 2.4 %

NYSE:DHI traded down $3.65 during trading hours on Wednesday, reaching $147.75. The company’s stock had a trading volume of 2,849,962 shares, compared to its average volume of 2,541,169. The company has a market capitalization of $48.66 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66. D.R. Horton, Inc. has a 12 month low of $100.08 and a 12 month high of $165.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The stock has a 50 day moving average price of $152.32 and a two-hundred day moving average price of $142.72.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.73 earnings per share. Equities analysts predict that D.R. Horton, Inc. will post 14.31 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be issued a $0.30 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. D.R. Horton’s payout ratio is 8.17%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the sale, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now owns 1,703 shares in the company, valued at $256,642.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,812 shares of company stock worth $4,330,617. 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.