WMG Financial Advisors LLC Has $220,000 Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

WMG Financial Advisors LLC trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,576 shares of the construction company’s stock after selling 126 shares during the quarter. WMG Financial Advisors LLC’s holdings in D.R. Horton were worth $220,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Coastline Trust Co acquired a new stake in shares of D.R. Horton during the third quarter valued at about $26,000. Rakuten Securities Inc. boosted its stake in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton during the fourth quarter valued at about $30,000. FSA Wealth Management LLC acquired a new stake in shares of D.R. Horton during the third quarter valued at about $47,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of D.R. Horton during the third quarter valued at about $50,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price objective 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. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Wells Fargo & Company lowered their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. 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, Citigroup lowered their price objective on 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 assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Trading Down 0.9 %

Shares of DHI stock opened at $125.63 on Tuesday. The company has a market cap of $39.59 billion, a P/E ratio of 8.88, a PEG ratio of 0.54 and a beta of 1.76. The stock has a 50 day simple moving average of $137.19 and a two-hundred day simple moving average of $162.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a fifty-two week low of $124.23 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during 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%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. 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 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company 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. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. D.R. Horton’s dividend payout ratio is 11.31%.

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.