D.R. Horton, Inc. (NYSE:DHI) Stock Holdings Boosted by Morse Asset Management Inc

Morse Asset Management Inc raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,823 shares of the construction company’s stock after purchasing an additional 1,895 shares during the period. Morse Asset Management Inc’s holdings in D.R. Horton were worth $3,400,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC raised its stake in shares of D.R. Horton by 5.2% during the second quarter. CWM LLC now owns 13,382 shares of the construction company’s stock valued at $1,886,000 after purchasing an additional 661 shares in the last quarter. Csenge Advisory Group lifted its stake in shares of D.R. Horton by 3.2% in the 2nd quarter. Csenge Advisory Group now owns 2,799 shares of the construction company’s stock worth $394,000 after acquiring an additional 88 shares during the period. Norman Fields Gottscho Capital Management LLC increased its stake in shares of D.R. Horton by 2.7% during the second quarter. Norman Fields Gottscho Capital Management LLC now owns 7,595 shares of the construction company’s stock valued at $1,060,000 after acquiring an additional 200 shares during the period. CX Institutional boosted its stake in D.R. Horton by 20.5% during the 2nd quarter. CX Institutional now owns 4,527 shares of the construction company’s stock valued at $638,000 after purchasing an additional 769 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in D.R. Horton by 59.1% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 12,895 shares of the construction company’s stock valued at $1,817,000 after acquiring an additional 4,788 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $166.87 on Wednesday. D.R. Horton, Inc. has a twelve month low of $129.35 and a twelve month high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The firm has a market cap of $53.59 billion, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 0.61 and a beta of 1.71. The firm’s 50-day simple moving average is $176.26 and its 200-day simple moving average is $168.50.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the business earned $4.45 EPS. D.R. Horton’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, research analysts expect that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DHI. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a research note on Tuesday, October 15th. Bank of America raised their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Citigroup dropped their target price on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $185.87.

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.