D.R. Horton, Inc. (NYSE:DHI) Stock Position Lifted by Pacific Wealth Strategies Group Inc.

Pacific Wealth Strategies Group Inc. boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,446 shares of the construction company’s stock after buying an additional 257 shares during the quarter. Pacific Wealth Strategies Group Inc.’s holdings in D.R. Horton were worth $761,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt grew its stake in D.R. Horton by 32.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 23,603 shares of the construction company’s stock valued at $4,501,000 after purchasing an additional 5,771 shares in the last quarter. Ritholtz Wealth Management increased its holdings in D.R. Horton by 24.9% in the third quarter. Ritholtz Wealth Management now owns 2,240 shares of the construction company’s stock worth $427,000 after buying an additional 446 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in D.R. Horton during the third quarter valued at approximately $1,283,000. Shaker Investments LLC OH lifted its stake in D.R. Horton by 20.9% in the third quarter. Shaker Investments LLC OH now owns 14,455 shares of the construction company’s stock valued at $2,758,000 after acquiring an additional 2,501 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in shares of D.R. Horton by 1.1% during the 3rd quarter. Koshinski Asset Management Inc. now owns 7,458 shares of the construction company’s stock worth $1,423,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and issued a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. BTIG Research lowered their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Wedbush restated a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Finally, StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Two 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 company. According to MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $170.93.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $128.99 on Friday. 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 52 week low of $127.47 and a 52 week high of $199.85. The company’s 50 day moving average price is $144.87 and its two-hundred day moving average price is $167.69. The company has a market capitalization of $40.65 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last posted 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 business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.82 EPS. On average, analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given 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 is Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 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.