Banque Cantonale Vaudoise Makes New Investment in D.R. Horton, Inc. $DHI

Banque Cantonale Vaudoise bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,325 shares of the construction company’s stock, valued at approximately $594,000.

Other hedge funds also recently made changes to their positions in the company. Capital World Investors increased its holdings in shares of D.R. Horton by 22.1% in the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after buying an additional 6,695,592 shares during the last quarter. Capital Research Global Investors grew its position in D.R. Horton by 0.3% in the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock worth $669,330,000 after acquiring an additional 13,155 shares in the last quarter. Norges Bank bought a new position in D.R. Horton in the fourth quarter valued at $649,305,000. Morgan Stanley raised its position in D.R. Horton by 1.9% during the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock valued at $530,711,000 after purchasing an additional 67,578 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in D.R. Horton by 4.5% during the fourth quarter. Invesco Ltd. now owns 3,523,164 shares of the construction company’s stock worth $507,441,000 after purchasing an additional 151,144 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 0.1%

Shares of NYSE DHI opened at $166.51 on Monday. The firm has a fifty day simple moving average of $150.29 and a two-hundred day simple moving average of $150.00. D.R. Horton, Inc. has a 12 month low of $127.34 and a 12 month high of $184.54. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $47.22 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 2.32 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.09. The company 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 firm’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.58 earnings per share. Equities analysts expect that D.R. Horton, Inc. will post 10.61 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.1%. D.R. Horton’s payout ratio is 16.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DHI shares. Weiss Ratings cut shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. The Goldman Sachs Group increased their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Citigroup lifted their target price on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Wells Fargo & Company upped their price target on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, UBS Group lifted their price objective on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $168.54.

About D.R. Horton

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.