Proficio Capital Partners LLC Purchases 701 Shares of D.R. Horton, Inc. (NYSE:DHI)

Proficio Capital Partners LLC boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 59.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,880 shares of the construction company’s stock after acquiring an additional 701 shares during the period. Proficio Capital Partners LLC’s holdings in D.R. Horton were worth $263,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp lifted its holdings in shares of D.R. Horton by 4.3% in the 4th quarter. M&T Bank Corp now owns 18,451 shares of the construction company’s stock worth $2,579,000 after purchasing an additional 754 shares in the last quarter. Atria Investments Inc lifted its stake in shares of D.R. Horton by 2.5% in the fourth quarter. Atria Investments Inc now owns 60,303 shares of the construction company’s stock valued at $8,432,000 after buying an additional 1,456 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of D.R. Horton by 46.7% during the fourth quarter. Victory Capital Management Inc. now owns 513,131 shares of the construction company’s stock valued at $71,746,000 after buying an additional 163,356 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of D.R. Horton by 27.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,438 shares of the construction company’s stock worth $201,000 after acquiring an additional 308 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its position in shares of D.R. Horton by 0.8% during the fourth quarter. Bahl & Gaynor Inc. now owns 114,004 shares of the construction company’s stock worth $15,940,000 after acquiring an additional 896 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of a number of analyst reports. 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 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. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Finally, Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Trading Down 0.1 %

NYSE:DHI opened at $129.38 on Thursday. The firm’s 50 day moving average is $133.67 and its 200 day moving average is $155.84. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The stock has a market capitalization of $40.77 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. 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 issued its earnings results 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 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the company posted $2.82 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. Sell-side 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. Stockholders of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

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.