Wealth Enhancement Advisory Services LLC Trims Position in D.R. Horton, Inc. (NYSE:DHI)

Wealth Enhancement Advisory Services LLC reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 603,350 shares of the construction company’s stock after selling 3,305 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.18% of D.R. Horton worth $99,281,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Greenhaven Associates Inc. raised its position in D.R. Horton by 1.0% during the 4th quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock valued at $539,217,000 after purchasing an additional 34,366 shares in the last quarter. Norges Bank purchased a new stake in D.R. Horton in the fourth quarter worth about $516,530,000. Morgan Stanley grew its holdings in D.R. Horton by 3.4% during the 3rd quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock worth $349,737,000 after acquiring an additional 106,074 shares in the last quarter. Pacer Advisors Inc. increased its position in D.R. Horton by 21.7% during the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock valued at $412,503,000 after purchasing an additional 484,058 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of D.R. Horton by 12.5% in the 4th quarter. Franklin Resources Inc. now owns 2,345,398 shares of the construction company’s stock valued at $356,454,000 after purchasing an additional 260,864 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded up $0.89 during midday trading on Thursday, reaching $141.21. The company’s stock had a trading volume of 1,405,589 shares, compared to its average volume of 2,459,465. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $145.22 and a 200 day moving average of $148.57. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The firm has a market capitalization of $46.50 billion, a PE ratio of 9.62, a P/E/G ratio of 0.70 and a beta of 1.68.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the firm earned $2.73 EPS. On average, equities analysts expect that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s payout ratio is presently 8.17%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DHI shares. Royal Bank of Canada lowered their target price on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a report on Friday, April 19th. Bank of America cut their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Citigroup lowered their target price on shares of D.R. Horton from $191.00 to $181.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Jefferies Financial Group upped their price target on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Finally, UBS Group boosted their target price on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, D.R. Horton has an average rating of “Moderate Buy” and a consensus target price of $158.31.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the sale, the director now owns 1,703 shares in the company, valued at $256,642.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the transaction, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. Insiders own 1.74% of the company’s stock.

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.