Venturi Wealth Management LLC Boosts Stake in D.R. Horton, Inc. (NYSE:DHI)

Venturi Wealth Management LLC boosted its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,015 shares of the construction company's stock after acquiring an additional 2,049 shares during the quarter. Venturi Wealth Management LLC's holdings in D.R. Horton were worth $10,209,000 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 DHI. Creative Planning boosted its position in shares of D.R. Horton by 18.0% during the third quarter. Creative Planning now owns 44,031 shares of the construction company's stock valued at $8,400,000 after buying an additional 6,709 shares during the last quarter. Stratos Wealth Advisors LLC bought a new position in D.R. Horton during the 3rd quarter valued at about $244,000. Raymond James & Associates boosted its holdings in shares of D.R. Horton by 18.0% during the 3rd quarter. Raymond James & Associates now owns 438,683 shares of the construction company's stock valued at $83,687,000 after acquiring an additional 66,961 shares during the last quarter. Resonant Capital Advisors LLC bought a new stake in shares of D.R. Horton in the third quarter worth approximately $206,000. Finally, Suncoast Equity Management purchased a new position in shares of D.R. Horton during the third quarter valued at approximately $390,000. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Wedbush restated a "neutral" rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. BTIG Research cut their price objective on D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Bank of America downgraded D.R. Horton from a "buy" rating to a "neutral" rating and lowered their target price for the company from $160.00 to $150.00 in a report on Monday, January 27th. Finally, Royal Bank of Canada restated an "underperform" rating and set a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $170.93.

D.R. Horton Price Performance

Shares of DHI stock traded down $2.76 on Friday, hitting $125.92. 2,777,046 shares of the stock traded hands, compared to its average volume of 3,598,174. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The firm has a 50 day simple moving average of $139.42 and a two-hundred day simple moving average of $164.71. The firm has a market cap of $39.68 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.54 and a beta of 1.76.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 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%. The business's quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $2.82 earnings per share. As a group, equities research 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.27%. 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.