Golden State Wealth Management LLC Acquires New Shares in D.R. Horton, Inc. (NYSE:DHI)

Golden State Wealth Management LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 214 shares of the construction company’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DHI. Lecap Asset Management Ltd. acquired a new position in D.R. Horton during the 4th quarter worth approximately $3,275,000. SMART Wealth LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth $247,000. Tobam bought a new position in shares of D.R. Horton in the 4th quarter valued at $54,000. Beese Fulmer Investment Management Inc. boosted its holdings in shares of D.R. Horton by 2.2% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 58,068 shares of the construction company’s stock valued at $8,119,000 after acquiring an additional 1,237 shares in the last quarter. Finally, William Allan Corp grew its position in D.R. Horton by 1.4% during the 4th quarter. William Allan Corp now owns 27,882 shares of the construction company’s stock worth $3,898,000 after acquiring an additional 387 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DHI. The Goldman Sachs Group dropped their target price on 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. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Barclays decreased their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. JMP Securities restated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $188.00 to $156.00 in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $170.93.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

D.R. Horton Price Performance

DHI stock opened at $130.61 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The company’s 50-day moving average is $144.12 and its 200-day moving average is $167.30. The stock has a market capitalization of $41.16 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76. D.R. Horton, Inc. has a 1 year low of $127.47 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last announced 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. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the company earned $2.82 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.23%. 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.