L & S Advisors Inc Lowers Holdings in D.R. Horton, Inc. (NYSE:DHI)

L & S Advisors Inc reduced its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 77.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,470 shares of the construction company’s stock after selling 42,786 shares during the quarter. L & S Advisors Inc’s holdings in D.R. Horton were worth $1,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DHI. Golden State Wealth Management LLC purchased a new position in D.R. Horton during the fourth quarter valued at $30,000. Rosenberg Matthew Hamilton grew its position in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton in the fourth quarter worth about $38,000. Sierra Ocean LLC purchased a new stake in shares of D.R. Horton in the fourth quarter worth about $43,000. Finally, FSA Wealth Management LLC bought a new position in D.R. Horton during the third quarter valued at approximately $47,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Price Performance

DHI opened at $125.87 on Friday. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $132.91 and a 200 day moving average of $155.01. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The stock has a market cap of $39.66 billion, a P/E ratio of 8.90, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the business posted $2.82 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio 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.