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

Moran Wealth Management LLC lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 80.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,084 shares of the construction company’s stock after acquiring an additional 55,783 shares during the period. Moran Wealth Management LLC’s holdings in D.R. Horton were worth $17,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DHI. Coastline Trust Co acquired a new stake in D.R. Horton during the 3rd quarter worth $26,000. Rakuten Securities Inc. boosted its position in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in D.R. Horton during the 4th quarter valued at about $30,000. FSA Wealth Management LLC acquired a new stake in D.R. Horton in the 3rd quarter valued at about $47,000. Finally, Ashton Thomas Securities LLC purchased a new position in D.R. Horton in the 3rd quarter worth approximately $50,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on DHI. JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Wedbush reaffirmed a “neutral” rating and issued a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. Barclays lowered 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 report on Wednesday, January 22nd. The Goldman Sachs Group cut their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their target price for the company from $160.00 to $150.00 in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Price Performance

DHI opened at $133.42 on Monday. The stock’s 50-day moving average price is $136.37 and its 200 day moving average price is $160.90. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The firm has a market cap of $42.04 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 0.54 and a beta of 1.80. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 12.69% and a return on equity of 18.48%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 earnings per share. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 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.