Envestnet Portfolio Solutions Inc. Acquires 469 Shares of D.R. Horton, Inc. (NYSE:DHI)

Envestnet Portfolio Solutions Inc. boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,820 shares of the construction company’s stock after buying an additional 469 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in D.R. Horton were worth $2,771,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Golden State Equity Partners lifted its stake in shares of D.R. Horton by 435.6% in the fourth 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 during the period. Toronto Dominion Bank raised its holdings in D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after purchasing an additional 15,460 shares during the last quarter. Pensionfund Sabic lifted its position in shares of D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after purchasing an additional 4,000 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock valued at $7,795,000 after purchasing an additional 36,780 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of D.R. Horton by 10.9% during the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock worth $3,923,000 after buying an additional 2,767 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on DHI. The Goldman Sachs Group dropped their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Citigroup dropped their price objective on 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. JMP Securities reaffirmed a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Wedbush reissued a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Finally, Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Up 2.1 %

D.R. Horton stock opened at $130.48 on Thursday. The firm has a market capitalization of $41.12 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The firm’s fifty day moving average price is $134.75 and its two-hundred day moving average price is $157.79. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. 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) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 EPS. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

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.