D.R. Horton, Inc. (NYSE:DHI) Stock Position Cut by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 21.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,117 shares of the construction company's stock after selling 3,020 shares during the period. Avantax Advisory Services Inc.'s holdings in D.R. Horton were worth $1,554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in D.R. Horton during the fourth quarter worth approximately $30,000. FSA Wealth Management LLC purchased a new position in shares of D.R. Horton in the third quarter valued at $47,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton in the fourth quarter valued at $38,000. Rosenberg Matthew Hamilton boosted its stake in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after purchasing an additional 165 shares during the period. Finally, Sierra Ocean LLC purchased a new position in shares of D.R. Horton in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

Shares of DHI stock traded down $2.36 during trading hours on Friday, reaching $128.77. The stock had a trading volume of 7,753,727 shares, compared to its average volume of 2,688,377. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The firm has a 50-day simple moving average of $134.42 and a 200-day simple moving average of $157.19. The firm has a market capitalization of $40.58 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80.

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D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the company earned $2.82 EPS. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DHI shares. JMP Securities restated a "market outperform" rating and issued a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Bank of America downgraded shares of D.R. Horton from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Royal Bank of Canada reiterated an "underperform" rating and set a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. UBS Group reduced their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Finally, Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $170.93.

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.