IFP Advisors Inc Has $1.58 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

IFP Advisors Inc lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,255 shares of the construction company’s stock after selling 983 shares during the quarter. IFP Advisors Inc’s holdings in D.R. Horton were worth $1,576,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Coastline Trust Co bought a new position in D.R. Horton during the third quarter worth $26,000. Golden State Wealth Management LLC acquired a new stake in D.R. Horton during the 4th quarter worth about $30,000. Rakuten Securities Inc. raised its position in shares of D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of 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 purchasing an additional 165 shares during the period. Finally, Sierra Ocean LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $43,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 2.8 %

DHI stock opened at $128.40 on Thursday. The firm has a market capitalization of $40.46 billion, a PE ratio of 9.07, a P/E/G ratio of 0.54 and a beta of 1.76. 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 twelve month low of $124.23 and a twelve month high of $199.85. The stock’s 50 day moving average is $137.96 and its 200-day moving average is $163.42.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the business earned $2.82 EPS. The business’s revenue was down 1.5% on a year-over-year basis. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $188.00 to $156.00 in a report on Friday, December 13th. The Goldman Sachs Group lowered their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. BTIG Research cut their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. UBS Group decreased their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.93.

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.