GC Wealth Management RIA LLC Sells 428 Shares of D.R. Horton, Inc. (NYSE:DHI)

GC Wealth Management RIA LLC reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,433 shares of the construction company’s stock after selling 428 shares during the period. GC Wealth Management RIA LLC’s holdings in D.R. Horton were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Citizens Financial Group Inc. RI raised its position in D.R. Horton by 8.1% during the fourth quarter. Citizens Financial Group Inc. RI now owns 8,652 shares of the construction company’s stock valued at $1,210,000 after purchasing an additional 646 shares in the last quarter. Independent Advisor Alliance raised its position in D.R. Horton by 30.5% during the fourth quarter. Independent Advisor Alliance now owns 7,458 shares of the construction company’s stock valued at $1,043,000 after purchasing an additional 1,745 shares in the last quarter. Daiwa Securities Group Inc. raised its position in D.R. Horton by 6.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 38,533 shares of the construction company’s stock valued at $5,388,000 after purchasing an additional 2,176 shares in the last quarter. Moran Wealth Management LLC raised its position in D.R. Horton by 80.5% during the fourth quarter. Moran Wealth Management LLC now owns 125,084 shares of the construction company’s stock valued at $17,489,000 after purchasing an additional 55,783 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC raised its position in D.R. Horton by 75.8% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 9,892 shares of the construction company’s stock valued at $1,383,000 after purchasing an additional 4,264 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $132.70 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85. The stock has a market cap of $41.82 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 0.54 and a beta of 1.80. The company’s fifty day moving average is $136.11 and its 200 day moving average is $160.12.

D.R. Horton (NYSE:DHI) last issued 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 net margin of 12.69% and a return on equity of 18.48%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 earnings per share. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analyst Weigh In

DHI has been the subject of several research analyst reports. Wedbush restated a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Wells Fargo & Company lowered their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Finally, StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average price target 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.