D.R. Horton, Inc. $DHI Stock Holdings Lifted by Morse Asset Management Inc

Morse Asset Management Inc lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 268.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,075 shares of the construction company’s stock after acquiring an additional 16,090 shares during the quarter. Morse Asset Management Inc’s holdings in D.R. Horton were worth $3,741,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors raised its stake in D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after purchasing an additional 18,607,545 shares during the period. State Street Corp grew its holdings in shares of D.R. Horton by 0.7% during the second quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock valued at $1,629,067,000 after buying an additional 92,219 shares in the last quarter. Norges Bank acquired a new position in D.R. Horton during the second quarter valued at $494,278,000. Invesco Ltd. lifted its stake in D.R. Horton by 18.1% in the 3rd quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company’s stock worth $571,456,000 after acquiring an additional 517,752 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in D.R. Horton by 16.4% in the 2nd quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock worth $412,567,000 after acquiring an additional 450,362 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

NYSE DHI opened at $141.98 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $41.13 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 2.17 and a beta of 1.43. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The company has a 50 day moving average price of $154.82 and a two-hundred day moving average price of $156.19.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.98 by $0.05. The company had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. D.R. Horton’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.61 EPS. As a group, 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 Thursday, February 12th. Shareholders of record on Thursday, February 5th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. D.R. Horton’s payout ratio is currently 16.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group reiterated a “buy” rating on shares of D.R. Horton in a report on Thursday. Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Evercore increased their target price on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Argus boosted their price target on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Citigroup dropped their price target on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $159.93.

Insider Activity at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president directly owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.66% of the company’s stock.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.