RWA Wealth Partners LLC Buys 40,403 Shares of D.R. Horton, Inc. (NYSE:DHI)

RWA Wealth Partners LLC grew its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2,355.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 42,118 shares of the construction company's stock after buying an additional 40,403 shares during the period. RWA Wealth Partners LLC's holdings in D.R. Horton were worth $5,889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Insigneo Advisory Services LLC raised its holdings in D.R. Horton by 1.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company's stock worth $695,000 after purchasing an additional 67 shares during the last quarter. Allworth Financial LP raised its stake 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 buying an additional 82 shares during the last quarter. Secure Asset Management LLC raised its stake in shares of D.R. Horton by 4.8% during the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock worth $257,000 after buying an additional 84 shares during the last quarter. Horizon Investments LLC boosted its stake in D.R. Horton by 1.7% in the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock valued at $767,000 after acquiring an additional 91 shares during the last quarter. Finally, Bfsg LLC grew its holdings in D.R. Horton by 24.4% during the 4th quarter. Bfsg LLC now owns 484 shares of the construction company's stock worth $68,000 after acquiring an additional 95 shares during the period. Institutional investors own 90.63% of the company's stock.

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D.R. Horton Stock Up 4.4 %

NYSE DHI traded up $5.36 on Friday, reaching $127.67. The company had a trading volume of 9,117,434 shares, compared to its average volume of 2,851,387. The company's fifty day moving average is $131.02 and its 200-day moving average is $153.03. The firm has a market capitalization of $40.23 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth 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. D.R. Horton, Inc. has a 1-year low of $117.51 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) 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. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company 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 firm earned $2.82 earnings per share. D.R. Horton's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's payout ratio is 11.31%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DHI shares. Barclays cut their price target on D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Wells Fargo & Company decreased their target price on 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. The Goldman Sachs Group cut their price target on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, JMP Securities restated a "market outperform" rating and set a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and a consensus 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.