Merit Financial Group LLC Purchases 1,686 Shares of D.R. Horton, Inc. (NYSE:DHI)

Merit Financial Group LLC lifted its stake in D.R. Horton, Inc. (NYSE:DHI) by 110.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,212 shares of the construction company’s stock after purchasing an additional 1,686 shares during the period. Merit Financial Group LLC’s holdings in D.R. Horton were worth $449,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DHI. Coastline Trust Co purchased a new position in shares of D.R. Horton during the third quarter valued at approximately $26,000. Rakuten Securities Inc. lifted its stake in shares of D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares during the period. Wolff Wiese Magana LLC boosted its holdings in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares during the last quarter. Grove Bank & Trust increased its stake in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $47,000. Institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DHI. UBS Group cut their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Barclays lowered their price objective 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. Wells Fargo & Company cut their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Wedbush reaffirmed a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $188.00 to $156.00 in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $174.53.

D.R. Horton Stock Performance

Shares of DHI opened at $145.25 on Friday. The stock has a 50-day moving average of $150.81 and a two-hundred day moving average of $169.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The stock has a market cap of $46.60 billion, a P/E ratio of 10.26, a P/E/G ratio of 0.54 and a beta of 1.75. D.R. Horton, Inc. has a one year low of $133.02 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.55% and a net margin of 12.69%. The business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7,120,170 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, research analysts predict that D.R. Horton, Inc. will post 13.97 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. D.R. Horton’s dividend payout ratio is currently 11.31%.

D.R. Horton Company 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.