IFP Advisors Inc Reduces Position in D.R. Horton, Inc. $DHI

IFP Advisors Inc decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 82.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,147 shares of the construction company’s stock after selling 10,198 shares during the quarter. IFP Advisors Inc’s holdings in D.R. Horton were worth $309,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DHI. Integrated Wealth Concepts LLC grew its holdings in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after buying an additional 455 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of D.R. Horton during the second quarter worth $302,000. Brown Advisory Inc. grew its holdings in shares of D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after buying an additional 208 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after buying an additional 2,859 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 1.4%

NYSE DHI opened at $147.66 on Thursday. The firm’s 50-day moving average is $144.24 and its two-hundred day moving average is $149.46. D.R. Horton, Inc. has a 12 month low of $114.17 and a 12 month high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The stock has a market capitalization of $41.87 billion, a P/E ratio of 13.84, a PEG ratio of 2.04 and a beta of 1.41.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. D.R. Horton’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.58 earnings per share. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio is 16.87%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DHI. Barclays upped their target price on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Royal Bank Of Canada upped their price objective on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Truist Financial upped their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings lowered shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $168.54.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.