D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in D.R. Horton, Inc. (NYSE:DHI) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 548,376 shares of the construction company’s stock after purchasing an additional 464 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in D.R. Horton were worth $76,674,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of D.R. Horton in the 2nd quarter valued at $68,000. Dorsey & Whitney Trust CO LLC grew its position in D.R. Horton by 23.1% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 2,114 shares of the construction company’s stock worth $298,000 after purchasing an additional 397 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of D.R. Horton by 1.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after buying an additional 60 shares during the period. Qsemble Capital Management LP purchased a new stake in shares of D.R. Horton in the second quarter worth about $262,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in D.R. Horton by 19.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 89,936 shares of the construction company’s stock worth $12,665,000 after acquiring an additional 14,569 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DHI has been the topic of several recent research reports. Royal Bank of Canada lowered their price objective 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. StockNews.com lowered shares of D.R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Company decreased their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Citigroup dropped their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Evercore ISI reduced 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. Three research 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $176.67.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $136.52 on Friday. The stock has a market capitalization of $43.80 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 0.57 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 firm has a 50-day simple moving average of $154.38 and a 200-day simple moving average of $168.41. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the firm earned $4.45 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities analysts predict that D.R. Horton, Inc. will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is currently 11.14%.

Insider Activity

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 this hyperlink. Corporate insiders own 0.54% of the company’s stock.

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.