Secure Asset Management LLC Acquires 84 Shares of D.R. Horton, Inc. (NYSE:DHI)

Secure Asset Management LLC lifted its stake in D.R. Horton, Inc. (NYSE:DHI) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 institutional investors have also made changes to their positions in the company. TCI Wealth Advisors Inc. increased its position in shares of D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after buying an additional 58 shares in the last quarter. Covestor Ltd raised its position in shares of D.R. Horton by 6.6% during the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock worth $203,000 after purchasing an additional 66 shares during the period. Insigneo Advisory Services LLC lifted its holdings in shares of D.R. Horton by 1.9% during 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. Azzad Asset Management Inc. ADV grew its position in shares of D.R. Horton by 0.8% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock valued at $1,649,000 after purchasing an additional 72 shares during the period. Finally, Demars Financial Group LLC increased its stake in D.R. Horton by 3.5% during the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after purchasing an additional 74 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

DHI opened at $142.98 on Friday. The company has a quick ratio of 1.61, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a market cap of $45.87 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.56 and a beta of 1.75. D.R. Horton, Inc. has a 12-month low of $133.02 and a 12-month high of $199.85. The business has a 50 day moving average of $150.06 and a 200-day moving average of $168.89.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7,120,170 billion. During the same period in the prior year, the firm earned $2.82 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. On average, equities research analysts expect that D.R. Horton, Inc. will post 13.87 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio is 11.31%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DHI. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. The Goldman Sachs Group cut their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. JMP Securities reaffirmed a “market outperform” rating and set a $210.00 price target on shares of D.R. Horton in a research report on Wednesday. Finally, Barclays lowered their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $174.53.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.54% of the company’s stock.

D.R. Horton Company 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.