Golden State Wealth Management LLC Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

Golden State Wealth Management LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 214 shares of the construction company’s stock, valued at approximately $30,000.

Other large investors also recently made changes to their positions in the company. Ritholtz Wealth Management lifted its position in shares of D.R. Horton by 24.9% during the 3rd quarter. Ritholtz Wealth Management now owns 2,240 shares of the construction company’s stock worth $427,000 after buying an additional 446 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of D.R. Horton during the third quarter valued at approximately $1,283,000. Grove Bank & Trust lifted its holdings in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares during the period. Creative Planning boosted its position in D.R. Horton by 18.0% in 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 last quarter. Finally, NBC Securities Inc. grew its stake in D.R. Horton by 6,157.1% in the 3rd quarter. NBC Securities Inc. now owns 876 shares of the construction company’s stock valued at $167,000 after purchasing an additional 862 shares during the period. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. JMP Securities reissued a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Bank of America downgraded 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 report on Monday, January 27th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $170.93.

Insider Buying and Selling

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

D.R. Horton Price Performance

NYSE:DHI opened at $130.61 on Wednesday. D.R. Horton, Inc. has a 52-week low of $127.47 and a 52-week high of $199.85. The stock has a fifty day moving average of $144.12 and a 200 day moving average of $167.30. 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 has a market capitalization of $41.16 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 0.58 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last posted 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 net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the business earned $2.82 earnings per share. D.R. Horton’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, February 7th. 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.