SMART Wealth LLC Acquires Shares of 1,770 D.R. Horton, Inc. (NYSE:DHI)

SMART Wealth LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,770 shares of the construction company’s stock, valued at approximately $247,000.

A number of other institutional investors have also recently made changes to their positions in the company. Czech National Bank lifted its holdings in D.R. Horton by 5.8% during the third quarter. Czech National Bank now owns 59,776 shares of the construction company’s stock valued at $11,403,000 after purchasing an additional 3,297 shares during the last quarter. Brookstone Capital Management lifted its stake in shares of D.R. Horton by 13.4% during the 3rd quarter. Brookstone Capital Management now owns 14,935 shares of the construction company’s stock valued at $2,849,000 after buying an additional 1,767 shares in the last quarter. Wedmont Private Capital boosted its holdings in D.R. Horton by 6.0% in the 3rd quarter. Wedmont Private Capital now owns 7,611 shares of the construction company’s stock worth $1,409,000 after buying an additional 433 shares during the period. Sanibel Captiva Trust Company Inc. grew its stake in D.R. Horton by 17.9% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 6,350 shares of the construction company’s stock valued at $1,211,000 after buying an additional 965 shares in the last quarter. Finally, Pensionfund Sabic bought a new stake in D.R. Horton during the 3rd quarter valued at $1,087,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DHI shares. Wells Fargo & Company cut their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Wedbush reissued a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. JMP Securities reaffirmed a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Performance

NYSE:DHI opened at $136.00 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. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85. The stock has a market cap of $42.86 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 0.60 and a beta of 1.76. The firm’s fifty day simple moving average is $146.33 and its 200 day simple moving average is $168.24.

D.R. Horton (NYSE:DHI) last announced its quarterly 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 net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the company earned $2.82 earnings per share. D.R. Horton’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, research analysts predict that D.R. Horton, Inc. will post 13.05 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.18%. D.R. Horton’s dividend payout ratio is presently 11.31%.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is owned by insiders.

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.