D.R. Horton, Inc. (NYSE:DHI) Stake Raised by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 75.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,892 shares of the construction company’s stock after purchasing an additional 4,264 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in D.R. Horton were worth $1,383,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coastline Trust Co bought a new stake in D.R. Horton during the third quarter worth approximately $26,000. Golden State Wealth Management LLC bought a new position in shares of D.R. Horton in the fourth quarter valued at $30,000. Rakuten Securities Inc. increased its holdings in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton in the fourth quarter valued at $38,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.4 %

D.R. Horton stock opened at $133.42 on Monday. The company’s fifty day simple moving average is $136.37 and its 200-day simple moving average is $160.90. The company has a quick ratio of 1.09, a current ratio of 6.92 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 stock has a market cap of $42.04 billion, a P/E ratio of 9.43, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) 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 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 business earned $2.82 EPS. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is presently 11.31%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price target for the company from $160.00 to $150.00 in a report on Monday, January 27th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Wells Fargo & Company dropped their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Barclays dropped their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, UBS Group lowered their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Two investment 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $170.93.

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.