Morse Asset Management Inc Lowers Stake in D.R. Horton, Inc. (NYSE:DHI)

Morse Asset Management Inc trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 28.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,790 shares of the construction company's stock after selling 4,973 shares during the quarter. Morse Asset Management Inc's holdings in D.R. Horton were worth $1,788,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Golden State Equity Partners raised its position in shares of D.R. Horton by 435.6% during the 4th quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock worth $545,000 after acquiring an additional 3,171 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of D.R. Horton by 10.9% during the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company's stock worth $3,923,000 after acquiring an additional 2,767 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its position in D.R. Horton by 15.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 14,916 shares of the construction company's stock worth $2,086,000 after buying an additional 2,003 shares during the period. Swedbank AB increased its position in D.R. Horton by 27.0% during the fourth quarter. Swedbank AB now owns 427,045 shares of the construction company's stock worth $59,709,000 after buying an additional 90,776 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in D.R. Horton by 82.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company's stock worth $36,306,000 after buying an additional 119,392 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on DHI shares. The Goldman Sachs Group lowered their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wedbush reiterated a "neutral" rating and issued a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. StockNews.com raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Tuesday. Finally, Wells Fargo & Company dropped their price objective on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Price Performance

Shares of NYSE DHI traded up $2.29 during trading on Friday, reaching $125.68. The company had a trading volume of 2,415,398 shares, compared to its average volume of 2,971,022. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The stock has a market capitalization of $38.60 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. The stock has a 50-day moving average price of $124.66 and a two-hundred day moving average price of $139.22. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period last year, the firm earned $3.52 earnings per share. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.27%. D.R. Horton's payout ratio is currently 12.11%.

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.