D.R. Horton, Inc. (NYSE:DHI) Stock Position Raised by Secure Asset Management LLC

Secure Asset Management LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,836 shares of the construction company’s stock after purchasing an additional 84 shares during the period. Secure Asset Management LLC’s holdings in D.R. Horton were worth $257,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. TCI Wealth Advisors Inc. boosted its position in D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after purchasing an additional 58 shares during the period. Covestor Ltd grew its stake in D.R. Horton by 6.6% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after buying an additional 66 shares during the last quarter. Insigneo Advisory Services LLC raised its holdings in D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after acquiring an additional 67 shares during the period. Azzad Asset Management Inc. ADV lifted its position in D.R. Horton by 0.8% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock worth $1,649,000 after acquiring an additional 72 shares during the last quarter. Finally, Demars Financial Group LLC grew its position in shares of D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after purchasing an additional 74 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 1.6 %

NYSE DHI opened at $142.98 on Friday. The stock’s 50 day simple moving average is $150.06 and its 200 day simple moving average is $168.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.61. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85. The firm has a market cap of $45.87 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7,120,170 billion. During the same period last year, the company posted $2.82 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 13.87 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on DHI shares. Citigroup decreased their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. BTIG Research dropped their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Royal Bank of Canada restated an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $174.53.

About D.R. Horton

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.