Optimum Investment Advisors Has $1.03 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Optimum Investment Advisors raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,330 shares of the construction company’s stock after buying an additional 125 shares during the quarter. Optimum Investment Advisors’ holdings in D.R. Horton were worth $1,025,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mountaineer Partners Management LLC acquired a new stake in D.R. Horton during the 3rd quarter worth $1,853,178,000. FMR LLC raised its position in shares of D.R. Horton by 44.7% during the third 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 period. Raymond James Financial Inc. bought a new position in shares of D.R. Horton during the 4th quarter valued at about $98,720,000. Amundi grew its position in shares of D.R. Horton by 69.1% in the 4th quarter. Amundi now owns 1,358,213 shares of the construction company’s stock valued at $190,014,000 after purchasing an additional 555,122 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new stake in D.R. Horton during the 3rd quarter worth approximately $72,672,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Trading Down 1.8 %

Shares of D.R. Horton stock opened at $128.77 on Friday. The stock has a market cap of $40.58 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.54 and a beta of 1.80. 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 12-month low of $124.23 and a 12-month high of $199.85. The business’s 50 day moving average is $134.42 and its 200-day moving average is $157.00.

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

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors 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 yield of 1.24%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays cut 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 note on Wednesday, January 22nd. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. JMP Securities reiterated a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price target for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock 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 assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average 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.