Sheaff Brock Investment Advisors LLC Trims Holdings in D.R. Horton, Inc. (NYSE:DHI)

Sheaff Brock Investment Advisors LLC cut its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 47.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,598 shares of the construction company's stock after selling 3,260 shares during the period. Sheaff Brock Investment Advisors LLC's holdings in D.R. Horton were worth $503,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Allworth Financial LP raised its stake in shares of D.R. Horton by 5.5% in the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock worth $229,000 after acquiring an additional 82 shares during the last quarter. Principal Securities Inc. raised its stake in shares of D.R. Horton by 4.8% in the fourth quarter. Principal Securities Inc. now owns 11,215 shares of the construction company's stock worth $1,568,000 after acquiring an additional 515 shares during the last quarter. Aveo Capital Partners LLC raised its stake in shares of D.R. Horton by 111.8% in the fourth quarter. Aveo Capital Partners LLC now owns 7,567 shares of the construction company's stock worth $1,058,000 after acquiring an additional 3,994 shares during the last quarter. Myriad Asset Management US LP bought a new stake in shares of D.R. Horton during the fourth quarter worth approximately $2,775,000. Finally, PICTET BANK & TRUST Ltd raised its stake in shares of D.R. Horton by 3.2% during the fourth quarter. PICTET BANK & TRUST Ltd now owns 9,798 shares of the construction company's stock worth $1,370,000 after buying an additional 300 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Price Performance

DHI traded up $1.79 on Thursday, reaching $128.62. The company had a trading volume of 3,269,653 shares, compared to its average volume of 3,623,054. The company has a market cap of $40.53 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 0.55 and a beta of 1.76. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The business has a 50 day simple moving average of $139.87 and a 200 day simple moving average of $164.96. 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 released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating 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 business had revenue of $7.61 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the business posted $2.82 earnings per share. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared 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. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Friday, February 7th. D.R. Horton's payout ratio is currently 11.31%.

Wall Street Analyst Weigh In

DHI has been the subject of a number of recent research reports. Bank of America downgraded shares of D.R. Horton from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Citigroup decreased 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 report on Monday, January 6th. UBS Group reduced their target price 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. Raymond James cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Finally, BTIG Research dropped their price target on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.