Frank Rimerman Advisors LLC Buys 563 Shares of D.R. Horton, Inc. (NYSE:DHI)

Frank Rimerman Advisors LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 41.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,926 shares of the construction company’s stock after purchasing an additional 563 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in D.R. Horton were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Coastline Trust Co bought a new position in D.R. Horton in the 3rd quarter worth about $26,000. Golden State Wealth Management LLC bought a new position in D.R. Horton in the 4th quarter worth about $30,000. FSA Wealth Management LLC bought a new position in D.R. Horton in the 3rd quarter worth about $47,000. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton in the 4th quarter worth about $38,000. Finally, Rosenberg Matthew Hamilton increased its stake in D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Up 0.2 %

Shares of DHI stock opened at $127.09 on Tuesday. The stock has a market capitalization of $40.05 billion, a PE ratio of 8.98, a P/E/G ratio of 0.54 and a beta of 1.80. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. The business has a 50-day moving average of $135.14 and a 200 day moving average of $158.41. 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 (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the business posted $2.82 EPS. The business’s revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DHI shares. Bank of America lowered D.R. Horton from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Wells Fargo & Company cut their price objective 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. Citigroup cut their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Wedbush reiterated a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given 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 $170.93.

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.