D.R. Horton, Inc. $DHI Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 569,423 shares of the construction company’s stock after buying an additional 9,765 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in D.R. Horton were worth $82,253,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Winnow Wealth LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $960,000. Berkshire Hathaway Inc acquired a new position in shares of D.R. Horton during the second quarter worth approximately $191,491,000. Arete Wealth Advisors LLC acquired a new position in shares of D.R. Horton during the third quarter worth approximately $946,000. Mediolanum International Funds Ltd grew its holdings in D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock worth $25,670,000 after buying an additional 74,266 shares in the last quarter. Finally, Trinity Street Asset Management LLP acquired a new stake in D.R. Horton in the 3rd quarter valued at approximately $25,140,000. 90.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on DHI shares. Argus boosted their price target on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. The Goldman Sachs Group restated a “buy” rating and set a $195.00 price objective on shares of D.R. Horton in a research note on Tuesday, January 13th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $155.00 target price (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Finally, Zacks Research cut shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $159.93.

Insiders Place Their Bets

In other news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.66% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $132.91 on Monday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The firm has a market cap of $38.51 billion, a P/E ratio of 12.07, a PEG ratio of 2.06 and a beta of 1.43. The stock has a fifty day moving average price of $154.10 and a two-hundred day moving average price of $155.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The company had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.61 EPS. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm 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 was Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.4%. D.R. Horton’s payout ratio is 16.35%.

About D.R. Horton

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.