D.R. Horton, Inc. (NYSE:DHI) Stock Position Raised by Atwood & Palmer Inc.

Atwood & Palmer Inc. lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 231,410 shares of the construction company’s stock after buying an additional 2,222 shares during the quarter. D.R. Horton comprises 2.2% of Atwood & Palmer Inc.’s investment portfolio, making the stock its 14th largest holding. Atwood & Palmer Inc. owned 0.07% of D.R. Horton worth $32,356,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DHI. Brighton Jones LLC raised its holdings in shares of D.R. Horton by 5.2% during the 2nd quarter. Brighton Jones LLC now owns 2,227 shares of the construction company’s stock valued at $314,000 after purchasing an additional 111 shares in the last quarter. AE Wealth Management LLC increased its position in D.R. Horton by 42.1% during the second quarter. AE Wealth Management LLC now owns 5,274 shares of the construction company’s stock worth $743,000 after buying an additional 1,563 shares during the last quarter. Pacer Advisors Inc. raised its holdings in D.R. Horton by 11.2% during the second quarter. Pacer Advisors Inc. now owns 44,062 shares of the construction company’s stock valued at $6,210,000 after buying an additional 4,423 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of D.R. Horton by 308.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,862 shares of the construction company’s stock worth $2,095,000 after buying an additional 11,226 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of D.R. Horton by 6.3% during the 2nd quarter. ProShare Advisors LLC now owns 47,153 shares of the construction company’s stock worth $6,645,000 after acquiring an additional 2,806 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.8 %

Shares of DHI stock opened at $147.83 on Tuesday. The stock has a market cap of $47.43 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.51 and a beta of 1.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The stock has a fifty day moving average price of $151.85 and a 200 day moving average price of $169.02. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.45 earnings per share. Analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Wells Fargo & Company dropped their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Royal Bank of Canada lowered their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. Finally, UBS Group cut their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company 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 and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $176.20.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.

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.