Prospera Financial Services Inc Boosts Stock Holdings in D.R. Horton, Inc. $DHI

Prospera Financial Services Inc boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 599.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,899 shares of the construction company’s stock after acquiring an additional 11,056 shares during the period. Prospera Financial Services Inc’s holdings in D.R. Horton were worth $1,858,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DHI. Concord Wealth Partners purchased a new position in D.R. Horton during the third quarter worth approximately $25,000. Sound Income Strategies LLC purchased a new position in D.R. Horton during the fourth quarter worth approximately $27,000. Elevated Capital Advisors LLC acquired a new stake in D.R. Horton during the fourth quarter worth about $27,000. Ameriflex Group Inc. acquired a new stake in D.R. Horton during the third quarter worth about $31,000. Finally, First Horizon Corp increased its stake in D.R. Horton by 81.3% during the fourth quarter. First Horizon Corp now owns 223 shares of the construction company’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 1.4%

Shares of DHI opened at $147.66 on Thursday. The stock’s 50-day moving average is $144.24 and its two-hundred day moving average is $149.46. The stock has a market cap of $41.87 billion, a PE ratio of 13.84, a P/E/G ratio of 2.04 and a beta of 1.41. 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.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping 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 return on equity of 12.94% and a net margin of 9.51%.The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 earnings per share. Equities analysts forecast that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders 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 dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays upped their price target on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company upped their price target on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Weiss Ratings downgraded shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Royal Bank Of Canada boosted their price objective on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group boosted their price objective on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Company Profile

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.