HighTower Advisors LLC Has $28.71 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

HighTower Advisors LLC reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,335 shares of the construction company’s stock after selling 4,797 shares during the quarter. HighTower Advisors LLC owned 0.07% of D.R. Horton worth $28,710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Coastline Trust Co acquired a new stake in shares of D.R. Horton during the 3rd quarter worth about $26,000. Golden State Wealth Management LLC bought a new position in shares of D.R. Horton in the fourth quarter valued at approximately $30,000. FSA Wealth Management LLC bought a new stake in D.R. Horton during the 3rd quarter worth approximately $47,000. Kohmann Bosshard Financial Services LLC acquired a new stake in D.R. Horton during the 4th quarter valued at $38,000. Finally, Rosenberg Matthew Hamilton raised its position in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

DHI has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price target for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Barclays reduced their target price on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have given 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, the stock has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Trading Up 1.2 %

DHI opened at $126.78 on Friday. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The firm has a market cap of $39.95 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm’s fifty day moving average is $135.38 and its two-hundred day moving average is $159.23.

D.R. Horton (NYSE:DHI) last posted its earnings results 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 firm 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 company’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.82 earnings per share. Equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business 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. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is 11.31%.

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.