Simon Quick Advisors LLC Raises Holdings in D.R. Horton, Inc. (NYSE:DHI)

Simon Quick Advisors LLC raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,465 shares of the construction company’s stock after acquiring an additional 145 shares during the quarter. Simon Quick Advisors LLC’s holdings in D.R. Horton were worth $205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DHI. TCI Wealth Advisors Inc. boosted its position in D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after purchasing an additional 58 shares in the last quarter. Covestor Ltd boosted its holdings in shares of D.R. Horton by 6.6% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after buying an additional 66 shares in the last quarter. Insigneo Advisory Services LLC grew its position in shares of D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after buying an additional 67 shares during the last quarter. Azzad Asset Management Inc. ADV raised its stake in shares of D.R. Horton by 0.8% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock worth $1,649,000 after acquiring an additional 72 shares in the last quarter. Finally, Demars Financial Group LLC lifted its position in D.R. Horton by 3.5% during the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after acquiring an additional 74 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of several analyst reports. UBS Group cut their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Evercore ISI lowered their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. BTIG Research cut their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, Wedbush restated a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $174.53.

D.R. Horton Stock Down 1.6 %

Shares of DHI opened at $142.98 on Friday. The company has a market capitalization of $45.87 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.56 and a beta of 1.75. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. The stock’s 50-day moving average price is $150.44 and its 200-day moving average price is $168.84. The company has a quick ratio of 1.61, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $7,120,170 billion. During the same quarter last year, the company earned $2.82 EPS. The business’s revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.87 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

About D.R. Horton

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.