Cibc World Market Inc. Has $5.92 Million Stock Position in D.R. Horton, Inc. $DHI

Cibc World Market Inc. increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 27.1% in the fourth quarter, HoldingsChannel reports. The firm owned 41,075 shares of the construction company’s stock after purchasing an additional 8,766 shares during the period. Cibc World Market Inc.’s holdings in D.R. Horton were worth $5,916,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Merit Financial Group LLC boosted its position in D.R. Horton by 25.6% during the fourth quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after purchasing an additional 3,726 shares during the period. Nordea Investment Management AB boosted its position in D.R. Horton by 41.5% during the fourth quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock worth $179,428,000 after purchasing an additional 363,573 shares during the period. Arete Wealth Advisors LLC bought a new position in D.R. Horton during the third quarter worth $946,000. Wealth Enhancement Advisory Services LLC boosted its position in D.R. Horton by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 569,423 shares of the construction company’s stock worth $82,253,000 after purchasing an additional 9,765 shares during the period. Finally, Savant Capital LLC boosted its position in D.R. Horton by 130.9% during the third quarter. Savant Capital LLC now owns 17,255 shares of the construction company’s stock worth $2,924,000 after purchasing an additional 9,781 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.2%

Shares of D.R. Horton stock opened at $145.85 on Monday. The firm has a 50-day moving average of $145.46 and a 200-day moving average of $149.60. The stock has a market cap of $41.36 billion, a PE ratio of 13.67, a PEG ratio of 2.04 and a beta of 1.38. D.R. Horton, Inc. has a 52-week low of $119.54 and a 52-week high of $184.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46.

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

D.R. Horton Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have commented on DHI shares. Barclays lifted their price objective on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company lifted their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. UBS Group lifted their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $168.54.

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.