L & S Advisors Inc Has $1.74 Million Holdings in D.R. Horton, Inc. (NYSE:DHI)

L & S Advisors Inc lessened its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 77.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,470 shares of the construction company's stock after selling 42,786 shares during the period. L & S Advisors Inc's holdings in D.R. Horton were worth $1,744,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DHI. Golden State Wealth Management LLC purchased a new position in D.R. Horton during the 4th quarter valued at about $30,000. Rosenberg Matthew Hamilton grew its position in D.R. Horton by 152.8% during 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 in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in D.R. Horton during the fourth quarter valued at approximately $38,000. Sierra Ocean LLC acquired a new position in D.R. Horton in the 4th quarter valued at approximately $43,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DHI. Barclays dropped their price target on shares of 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. JMP Securities reiterated 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. Wells Fargo & Company decreased their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Royal Bank of Canada reissued an "underperform" rating and issued a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two investment 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 company's stock. Based on data from MarketBeat, D.R. Horton has an average rating of "Hold" and a consensus price target of $170.93.

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D.R. Horton Stock Performance

Shares of NYSE DHI traded up $0.13 during mid-day trading on Tuesday, hitting $127.26. The company had a trading volume of 2,112,403 shares, compared to its average volume of 2,805,959. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm has a market cap of $40.10 billion, a P/E ratio of 8.99, a PEG ratio of 0.54 and a beta of 1.80. The business's 50-day simple moving average is $132.49 and its 200-day simple moving average is $154.36.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion for 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%. D.R. Horton's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.82 earnings per share. As a group, analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, February 7th. D.R. Horton's payout ratio is 11.31%.

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.