Avantax Advisory Services Inc. Cuts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Avantax Advisory Services Inc. decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 21.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,117 shares of the construction company’s stock after selling 3,020 shares during the period. Avantax Advisory Services Inc.’s holdings in D.R. Horton were worth $1,554,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Insigneo Advisory Services LLC grew its position in shares of D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after buying an additional 67 shares during the last quarter. Private Trust Co. NA grew its position in shares of D.R. Horton by 1.0% in the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock worth $1,454,000 after buying an additional 78 shares during the last quarter. Allworth Financial LP grew its position in shares of D.R. Horton by 5.5% in the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock worth $229,000 after buying an additional 82 shares during the last quarter. Secure Asset Management LLC grew its position in shares of D.R. Horton by 4.8% in the 4th quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock worth $257,000 after buying an additional 84 shares during the last quarter. Finally, Bfsg LLC grew its position in shares of D.R. Horton by 24.4% in the 4th quarter. Bfsg LLC now owns 484 shares of the construction company’s stock worth $68,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI opened at $127.85 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm has a fifty day moving average price of $134.94 and a 200 day moving average price of $157.98. D.R. Horton, Inc. has a 1 year low of $124.23 and a 1 year high of $199.85. The stock has a market cap of $40.29 billion, a P/E ratio of 9.04, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last posted 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. 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 during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the business posted $2.82 EPS. The business’s revenue was down 1.5% compared to the same quarter last year. Equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DHI. UBS Group cut their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Finally, JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average price target of $170.93.

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.