Advisory Services Network LLC Raises Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Advisory Services Network LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,025 shares of the construction company’s stock after purchasing an additional 480 shares during the quarter. Advisory Services Network LLC’s holdings in D.R. Horton were worth $3,639,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nemes Rush Group LLC boosted its stake in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after acquiring an additional 82 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of D.R. Horton during the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton during the 4th quarter worth $38,000. Rosenberg Matthew Hamilton lifted its stake in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of D.R. Horton during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI opened at $121.12 on Thursday. The company has a 50 day moving average price of $128.46 and a 200-day moving average price of $150.39. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The stock has a market capitalization of $38.17 billion, a PE ratio of 8.56, a PEG ratio of 0.54 and a beta of 1.61. 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 (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.82 EPS. Equities analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. D.R. Horton’s payout ratio is 11.31%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DHI shares. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. UBS Group cut their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Wedbush reiterated a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Citigroup lowered their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Barclays lowered their price objective on shares of D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $169.14.

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.