Sequoia Financial Advisors LLC Increases Holdings in D.R. Horton, Inc. (NYSE:DHI)

Sequoia Financial Advisors LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,612 shares of the construction company’s stock after purchasing an additional 9,082 shares during the period. Sequoia Financial Advisors LLC’s holdings in D.R. Horton were worth $12,250,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $1,853,178,000. FMR LLC increased its stake in shares of D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after purchasing an additional 21,073 shares during the last quarter. Smead Capital Management Inc. increased its stake in shares of D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after purchasing an additional 84,835 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of D.R. Horton by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock worth $259,857,000 after purchasing an additional 47,678 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 2.8 %

Shares of NYSE:DHI opened at $128.83 on Thursday. The firm has a fifty day moving average price of $135.89 and a two-hundred day moving average price of $159.90. 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 one year low of $124.23 and a one year high of $199.85. The company has a market cap of $40.60 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS 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 firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the firm earned $2.82 EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. Analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DHI shares. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Wedbush reaffirmed a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $170.93.

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.