Principal Securities Inc. Has $1.57 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Principal Securities Inc. lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 4.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,215 shares of the construction company’s stock after acquiring an additional 515 shares during the period. Principal Securities Inc.’s holdings in D.R. Horton were worth $1,568,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DHI. Creative Planning increased its holdings in shares of D.R. Horton by 18.0% during the third quarter. Creative Planning now owns 44,031 shares of the construction company’s stock worth $8,400,000 after purchasing an additional 6,709 shares during the period. Stratos Wealth Advisors LLC bought a new position in D.R. Horton during the 3rd quarter worth $244,000. Resonant Capital Advisors LLC acquired a new position in D.R. Horton in the 3rd quarter valued at $206,000. Sequoia Financial Advisors LLC lifted its position in shares of D.R. Horton by 15.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 78,530 shares of the construction company’s stock valued at $14,981,000 after acquiring an additional 10,710 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of D.R. Horton by 9.8% during the 3rd quarter. Signaturefd LLC now owns 10,462 shares of the construction company’s stock worth $1,996,000 after purchasing an additional 933 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

D.R. Horton Trading Down 0.7 %

NYSE:DHI opened at $129.71 on Wednesday. D.R. Horton, Inc. has a 52 week low of $125.84 and a 52 week high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The firm’s fifty day moving average is $140.95 and its 200-day moving average is $165.57. The firm has a market cap of $40.87 billion, a P/E ratio of 9.17, a P/E/G ratio of 0.58 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 earnings per share. Equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Analyst Ratings Changes

DHI has been the subject of several recent analyst reports. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. BTIG Research reduced their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Citigroup decreased their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Barclays cut their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.