Farther Finance Advisors LLC Has $317,000 Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Farther Finance Advisors LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,267 shares of the construction company’s stock after selling 101 shares during the quarter. Farther Finance Advisors LLC’s holdings in D.R. Horton were worth $317,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DHI. EverSource Wealth Advisors LLC grew its stake in D.R. Horton by 0.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 38,931 shares of the construction company’s stock valued at $5,443,000 after buying an additional 309 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of D.R. Horton by 11.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 87,612 shares of the construction company’s stock worth $12,250,000 after acquiring an additional 9,082 shares during the last quarter. AGF Management Ltd. acquired a new position in D.R. Horton during the 4th quarter valued at $308,000. Citizens Financial Group Inc. RI boosted its holdings in D.R. Horton by 8.1% in the 4th quarter. Citizens Financial Group Inc. RI now owns 8,652 shares of the construction company’s stock valued at $1,210,000 after purchasing an additional 646 shares during the period. Finally, Independent Advisor Alliance raised its position in shares of D.R. Horton by 30.5% during the fourth quarter. Independent Advisor Alliance now owns 7,458 shares of the construction company’s stock valued at $1,043,000 after buying an additional 1,745 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Citigroup cut their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Wedbush reiterated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Finally, Barclays cut 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 note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Price Performance

DHI opened at $127.09 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The stock has a market capitalization of $40.05 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The company’s 50 day simple moving average is $135.14 and its 200-day simple moving average is $158.41. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85.

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 the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 earnings per share. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 yield of 1.26%. D.R. Horton’s payout ratio is presently 11.31%.

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.