Foundations Investment Advisors LLC Grows Holdings in D.R. Horton, Inc. (NYSE:DHI)

Foundations Investment Advisors LLC lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 10.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,416 shares of the construction company’s stock after buying an additional 401 shares during the quarter. Foundations Investment Advisors LLC’s holdings in D.R. Horton were worth $617,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Coastline Trust Co acquired a new position in shares of D.R. Horton during the 3rd quarter valued at about $26,000. Rakuten Securities Inc. increased its position in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares during the last quarter. Rosenberg Matthew Hamilton raised its stake in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares during the period. Wolff Wiese Magana LLC boosted its holdings in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares during the last quarter. Finally, Grove Bank & Trust grew its stake in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DHI shares. Evercore ISI cut their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. BTIG Research reduced their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. 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, StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $170.20.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $145.94 on Friday. The business has a 50 day moving average price of $148.99 and a two-hundred day moving average price of $169.05. D.R. Horton, Inc. has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The firm has a market cap of $46.82 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The company has a quick ratio of 1.61, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

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, topping 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 business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm earned $2.82 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. Sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. D.R. Horton’s payout ratio is 11.31%.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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.