D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 236,514 shares of the construction company's stock after buying an additional 17,550 shares during the quarter. LPL Financial LLC owned about 0.08% of D.R. Horton worth $33,069,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Insigneo Advisory Services LLC grew its stake in shares of 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 valued at $695,000 after purchasing an additional 67 shares during the last quarter. Allworth Financial LP lifted its holdings 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 during the period. Secure Asset Management LLC increased 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 buying an additional 84 shares during the period. Horizon Investments LLC increased its stake in D.R. Horton by 1.7% in the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock valued at $767,000 after buying an additional 91 shares during the period. Finally, Bfsg LLC lifted its stake in shares of D.R. Horton by 24.4% in 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 and hedge funds own 90.63% of the company's stock.

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D.R. Horton Price Performance

Shares of DHI traded up $0.13 during mid-day trading on Tuesday, reaching $127.26. 2,112,403 shares of the company's stock were exchanged, compared to its average volume of 2,805,957. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $132.49 and a two-hundred day simple moving average of $154.36. The company has a market cap of $40.10 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $7.61 billion during the quarter, compared to analysts' expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 earnings per share. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. D.R. Horton's dividend payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

DHI has been the subject of several analyst reports. UBS Group cut their price target on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Saturday, January 25th. Wells Fargo & Company decreased their price target on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Bank of America cut D.R. Horton from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Finally, Citigroup decreased 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 report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of "Hold" and a consensus price target 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.