WMG Financial Advisors LLC Sells 126 Shares of D.R. Horton, Inc. (NYSE:DHI)

WMG Financial Advisors LLC lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 7.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,576 shares of the construction company’s stock after selling 126 shares during the period. WMG Financial Advisors LLC’s holdings in D.R. Horton were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Coastline Trust Co bought a new stake in D.R. Horton in the 3rd quarter valued at $26,000. Golden State Wealth Management LLC bought a new stake in D.R. Horton in the 4th quarter valued at $30,000. Rakuten Securities Inc. raised its stake in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after acquiring an additional 117 shares during the period. Rosenberg Matthew Hamilton raised its stake in 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 acquiring an additional 165 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in D.R. Horton in the 4th quarter valued at $38,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of research analyst reports. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Barclays lowered their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Finally, Wedbush reiterated a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Performance

DHI opened at $125.63 on Tuesday. The firm has a market cap of $39.59 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The business’s fifty day moving average is $137.19 and its 200-day moving average is $162.33.

D.R. Horton (NYSE:DHI) last released 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. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. D.R. Horton’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $2.82 earnings per share. Sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 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.