Corient Private Wealth LLC Increases Holdings in D.R. Horton, Inc. (NYSE:DHI)

Corient Private Wealth LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 107.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,920 shares of the construction company's stock after purchasing an additional 102,288 shares during the period. Corient Private Wealth LLC owned about 0.06% of D.R. Horton worth $27,674,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Insigneo Advisory Services LLC boosted its holdings in D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company's stock worth $695,000 after buying an additional 67 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of D.R. Horton by 1.0% in the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company's stock worth $1,454,000 after acquiring an additional 78 shares during the last quarter. Allworth Financial LP increased 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 worth $229,000 after purchasing an additional 82 shares in the last quarter. Secure Asset Management LLC raised its stake in D.R. Horton by 4.8% in the 4th quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock valued at $257,000 after purchasing an additional 84 shares during the last quarter. Finally, Bfsg LLC lifted its holdings in D.R. Horton by 24.4% in the 4th quarter. Bfsg LLC now owns 484 shares of the construction company's stock valued at $68,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

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D.R. Horton Stock Performance

D.R. Horton stock traded down $2.36 during trading hours on Friday, reaching $128.77. 7,753,727 shares of the stock were exchanged, compared to its average volume of 2,688,377. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The stock has a market cap of $40.58 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.54 and a beta of 1.80. 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 firm's 50 day moving average is $134.42 and its 200 day moving average is $157.19.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $7.61 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the prior year, the company posted $2.82 earnings per share. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. Analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Bank of America downgraded 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 report on Monday, January 27th. UBS Group dropped their price objective on D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group decreased their price target on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Seaport Res Ptn raised D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Citigroup reduced their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target 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.