Florida Financial Advisors LLC Raises Position in D.R. Horton, Inc. (NYSE:DHI)

Florida Financial Advisors LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 14.9% during the fourth quarter, Holdings Channel reports. The fund owned 2,803 shares of the construction company’s stock after acquiring an additional 363 shares during the period. Florida Financial Advisors LLC’s holdings in D.R. Horton were worth $392,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DHI. Insigneo Advisory Services LLC raised its position 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 valued at $695,000 after purchasing an additional 67 shares in the last quarter. Private Trust Co. NA raised its holdings in D.R. Horton by 1.0% in the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock valued at $1,454,000 after acquiring an additional 78 shares in the last quarter. Allworth Financial LP raised its holdings in D.R. Horton by 5.5% in the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock valued at $229,000 after acquiring an additional 82 shares in the last quarter. Secure Asset Management LLC increased its position in shares of D.R. Horton by 4.8% in the 4th quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock valued at $257,000 after purchasing an additional 84 shares during the last quarter. Finally, Horizon Investments LLC raised its holdings in shares of D.R. Horton by 1.7% in the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock valued at $767,000 after purchasing an additional 91 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 1.3 %

Shares of D.R. Horton stock opened at $130.49 on Tuesday. The company has a market cap of $41.12 billion, a P/E ratio of 9.22, a PEG ratio of 0.54 and a beta of 1.80. The firm has a fifty day moving average of $134.26 and a two-hundred day moving average of $156.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the firm earned $2.82 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.23%. 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 several recent analyst reports. Barclays dropped their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. The Goldman Sachs Group cut their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $170.93.

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.