Advisors Asset Management Inc. Lowers Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Advisors Asset Management Inc. trimmed its stake in D.R. Horton, Inc. (NYSE:DHI) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,783 shares of the construction company’s stock after selling 1,633 shares during the period. Advisors Asset Management Inc.’s holdings in D.R. Horton were worth $3,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in DHI. Golden State Wealth Management LLC purchased a new stake in D.R. Horton in the 4th quarter valued at about $30,000. Rosenberg Matthew Hamilton boosted its position in D.R. Horton by 152.8% in 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 during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of D.R. Horton in the 4th quarter worth approximately $38,000. Sierra Ocean LLC purchased a new stake in shares of D.R. Horton in the 4th quarter worth approximately $43,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $47,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DHI. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Barclays lowered their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Wedbush reaffirmed a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Finally, The Goldman Sachs Group decreased their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Two 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Trading Up 0.6 %

Shares of D.R. Horton stock opened at $131.18 on Friday. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The firm has a market capitalization of $41.34 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 0.54 and a beta of 1.80. The firm’s 50 day simple moving average is $134.57 and its two-hundred day simple moving average is $157.60.

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 net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the business posted $2.82 EPS. D.R. Horton’s revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. D.R. Horton’s payout ratio is currently 11.31%.

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.