Wealth Enhancement Advisory Services LLC Boosts Holdings in D.R. Horton, Inc. (NYSE:DHI)

Wealth Enhancement Advisory Services LLC lifted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 621,285 shares of the construction company's stock after purchasing an additional 73,373 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.20% of D.R. Horton worth $86,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of DHI. RFG Advisory LLC raised its position in shares of D.R. Horton by 47.8% in the 4th quarter. RFG Advisory LLC now owns 1,906 shares of the construction company's stock worth $267,000 after purchasing an additional 616 shares during the last quarter. Blue Trust Inc. increased its holdings in D.R. Horton by 15.0% in the 4th quarter. Blue Trust Inc. now owns 8,656 shares of the construction company's stock worth $1,210,000 after buying an additional 1,128 shares in the last quarter. Pacer Advisors Inc. increased its holdings in D.R. Horton by 64.3% in the 4th quarter. Pacer Advisors Inc. now owns 35,747 shares of the construction company's stock worth $4,998,000 after buying an additional 13,993 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in D.R. Horton by 10.0% in the 4th quarter. Foundations Investment Advisors LLC now owns 4,416 shares of the construction company's stock worth $617,000 after buying an additional 401 shares in the last quarter. Finally, Capital Investment Counsel LLC increased its holdings in D.R. Horton by 0.8% in the 4th quarter. Capital Investment Counsel LLC now owns 45,261 shares of the construction company's stock worth $6,328,000 after buying an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. The Goldman Sachs Group reduced their price objective on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, JMP Securities cut their price target on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, D.R. Horton has an average rating of "Hold" and an average target price of $151.15.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded down $1.23 during mid-day trading on Monday, reaching $116.83. 3,780,362 shares of the company traded hands, compared to its average volume of 3,017,419. The company's 50 day moving average price is $122.51 and its 200-day moving average price is $134.90. The firm has a market cap of $35.89 billion, a PE ratio of 8.26, a PEG ratio of 0.54 and a beta of 1.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The company had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter last year, the firm posted $3.52 earnings per share. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

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.