Moran Wealth Management LLC Raises Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Moran Wealth Management LLC lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 80.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,084 shares of the construction company's stock after purchasing an additional 55,783 shares during the period. Moran Wealth Management LLC's holdings in D.R. Horton were worth $17,489,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton during the 3rd quarter worth approximately $1,853,178,000. FMR LLC lifted its holdings in D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares during the period. Geode Capital Management LLC lifted its holdings in D.R. Horton by 0.3% during the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company's stock worth $1,351,435,000 after acquiring an additional 21,073 shares during the period. Smead Capital Management Inc. boosted its position in D.R. Horton by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company's stock worth $480,106,000 after purchasing an additional 84,835 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in D.R. Horton by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company's stock valued at $259,857,000 after purchasing an additional 47,678 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. UBS Group cut their price target on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada reiterated an "underperform" rating and issued a $125.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Citigroup lowered their price target on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods lowered D.R. Horton from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and an average target price of $170.93.

D.R. Horton Price Performance

D.R. Horton stock traded down $3.48 during mid-day trading on Thursday, hitting $125.19. 3,396,107 shares of the company traded hands, compared to its average volume of 2,693,921. The stock has a fifty day moving average price of $135.89 and a 200-day moving average price of $159.90. The stock has a market cap of $39.45 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. 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 (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) 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 the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm's revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 EPS. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

D.R. Horton 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.