Smartleaf Asset Management LLC Buys 425 Shares of D.R. Horton, Inc. (NYSE:DHI)

Smartleaf Asset Management LLC boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 14.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,333 shares of the construction company’s stock after buying an additional 425 shares during the quarter. Smartleaf Asset Management LLC’s holdings in D.R. Horton were worth $465,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DHI. Coastline Trust Co purchased a new stake in shares of D.R. Horton in the third quarter valued at $26,000. Golden State Wealth Management LLC bought a new position in D.R. Horton during the 4th quarter valued at about $30,000. Rakuten Securities Inc. grew its holdings in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in 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 purchasing an additional 165 shares during the period. Finally, Sierra Ocean LLC bought a new stake in D.R. Horton in the fourth quarter worth about $43,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of analyst reports. Wells Fargo & Company cut their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Citigroup cut their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. JMP Securities reiterated a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. UBS Group cut their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Price Performance

NYSE DHI opened at $125.74 on Wednesday. The company has a market cap of $39.62 billion, a PE ratio of 8.89, a P/E/G ratio of 0.54 and a beta of 1.76. The firm’s 50 day moving average price is $136.88 and its 200-day moving average price is $161.96. 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 $124.23 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating 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 business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the firm earned $2.82 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.27%. D.R. Horton’s dividend payout ratio (DPR) is presently 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.