Sequoia Financial Advisors LLC Buys 9,082 Shares of D.R. Horton, Inc. (NYSE:DHI)

Sequoia Financial Advisors LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,612 shares of the construction company’s stock after acquiring an additional 9,082 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in D.R. Horton were worth $12,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. AGF Management Ltd. bought a new position in shares of D.R. Horton during the fourth quarter worth about $308,000. Citizens Financial Group Inc. RI increased its holdings in D.R. Horton by 8.1% in the fourth quarter. Citizens Financial Group Inc. RI now owns 8,652 shares of the construction company’s stock worth $1,210,000 after purchasing an additional 646 shares in the last quarter. Independent Advisor Alliance increased its holdings in D.R. Horton by 30.5% in the fourth quarter. Independent Advisor Alliance now owns 7,458 shares of the construction company’s stock worth $1,043,000 after purchasing an additional 1,745 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in D.R. Horton by 6.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 38,533 shares of the construction company’s stock worth $5,388,000 after purchasing an additional 2,176 shares in the last quarter. Finally, Moran Wealth Management LLC increased its holdings in D.R. Horton by 80.5% in the fourth quarter. Moran Wealth Management LLC now owns 125,084 shares of the construction company’s stock worth $17,489,000 after purchasing an additional 55,783 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DHI has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. Citigroup lowered their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Barclays lowered their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Finally, JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $188.00 to $156.00 in a report on Friday, December 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Down 2.8 %

Shares of NYSE:DHI opened at $128.83 on Thursday. The stock has a market cap of $40.60 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 0.54 and a beta of 1.80. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The business’s 50 day moving average is $135.89 and its 200 day moving average is $159.90.

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. The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. D.R. Horton’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.82 earnings per share. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.24%. D.R. Horton’s dividend payout ratio is currently 11.31%.

About D.R. Horton

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.