Frank Rimerman Advisors LLC Purchases 563 Shares of D.R. Horton, Inc. (NYSE:DHI)

Frank Rimerman Advisors LLC lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 41.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,926 shares of the construction company’s stock after acquiring an additional 563 shares during the period. Frank Rimerman Advisors LLC’s holdings in D.R. Horton were worth $269,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Coastline Trust Co bought a new position in shares of D.R. Horton in the 3rd quarter worth approximately $26,000. Golden State Wealth Management LLC bought a new position in shares of D.R. Horton in the 4th quarter worth approximately $30,000. Rosenberg Matthew Hamilton raised its position in shares of D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton in the 4th quarter worth approximately $38,000. Finally, Sierra Ocean LLC bought a new position in shares of D.R. Horton in the 4th quarter worth approximately $43,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $127.09 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a one year low of $124.23 and a one year high of $199.85. The firm has a market capitalization of $40.05 billion, a P/E ratio of 8.98, a PEG ratio of 0.54 and a beta of 1.80. The business has a fifty day moving average of $135.14 and a 200 day moving average of $158.41.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. D.R. Horton’s revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, February 7th. D.R. Horton’s payout ratio is currently 11.31%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada reissued an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. JMP Securities reaffirmed 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. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Finally, Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently 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.