D.R. Horton, Inc. (NYSE:DHI) Shares Bought by RWA Wealth Partners LLC

RWA Wealth Partners LLC lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 2,355.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,118 shares of the construction company’s stock after buying an additional 40,403 shares during the period. RWA Wealth Partners LLC’s holdings in D.R. Horton were worth $5,889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mountaineer Partners Management LLC acquired a new position in D.R. Horton during the 3rd quarter worth $1,853,178,000. Geode Capital Management LLC lifted its holdings in D.R. Horton by 0.3% in the third 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 period. Norges Bank bought a new position in D.R. Horton in the 4th quarter valued at about $593,363,000. Charles Schwab Investment Management Inc. increased its stake in 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 valued at $259,857,000 after buying an additional 47,678 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after buying an additional 120,892 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Bank of America cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $160.00 to $150.00 in a report on Monday, January 27th. The Goldman Sachs Group dropped their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Barclays dropped 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 report on Wednesday, January 22nd. Finally, Citigroup reduced their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Trading Down 3.2 %

D.R. Horton stock opened at $125.87 on Monday. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm has a market capitalization of $39.66 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.80. The company has a 50 day moving average price of $132.91 and a 200 day moving average price of $154.80.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share 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 the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. D.R. Horton’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 earnings per share. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

D.R. Horton 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.