Sound View Wealth Advisors Group LLC Has $1.38 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Sound View Wealth Advisors Group LLC boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 75.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,892 shares of the construction company’s stock after acquiring an additional 4,264 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in D.R. Horton were worth $1,383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd raised its position in shares of D.R. Horton by 6.6% during the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after buying an additional 66 shares during the last quarter. Insigneo Advisory Services LLC raised its position in shares of D.R. Horton by 1.9% during the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after buying an additional 67 shares during the last quarter. Private Trust Co. NA raised its position in shares of D.R. Horton by 1.0% during the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock valued at $1,454,000 after buying an additional 78 shares during the last quarter. Allworth Financial LP raised its position in shares of D.R. Horton by 5.5% during the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock valued at $229,000 after buying an additional 82 shares during the last quarter. Finally, Catalytic Wealth RIA LLC raised its position in shares of D.R. Horton by 2.2% during the third quarter. Catalytic Wealth RIA LLC now owns 3,861 shares of the construction company’s stock valued at $737,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE DHI opened at $133.42 on Monday. The firm has a market cap of $42.04 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 0.54 and a beta of 1.80. The company has a 50 day moving average of $136.37 and a 200-day moving average of $160.90. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $2.82 earnings per share. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their price objective for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Citigroup lowered their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Wedbush reissued a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Finally, StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average target price of $170.93.

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.