D.R. Horton, Inc. (NYSE:DHI) Stake Increased by LPL Financial LLC

LPL Financial LLC raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 236,514 shares of the construction company’s stock after acquiring an additional 17,550 shares during the quarter. LPL Financial LLC owned approximately 0.08% of D.R. Horton worth $33,069,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the fourth quarter worth about $30,000. Rosenberg Matthew Hamilton grew its position in shares of D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $38,000. Sierra Ocean LLC acquired a new stake in shares of D.R. Horton during the 4th quarter valued at approximately $43,000. Finally, FSA Wealth Management LLC bought a new position in D.R. Horton during the third quarter worth $47,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Down 3.2 %

Shares of NYSE:DHI opened at $125.87 on Friday. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $39.66 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.80. The company has a 50 day moving average of $132.91 and a 200-day moving average of $155.01.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) 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 firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company posted $2.82 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

Wall Street Analyst Weigh In

DHI has been the topic of a number of research reports. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Royal Bank of Canada reiterated an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Finally, UBS Group reduced their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton 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.