IFP Advisors Inc Boosts Stock Holdings in D.R. Horton, Inc. $DHI

IFP Advisors Inc boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 717.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,348 shares of the construction company’s stock after purchasing an additional 10,838 shares during the period. IFP Advisors Inc’s holdings in D.R. Horton were worth $2,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Winnow Wealth LLC acquired a new position in D.R. Horton during the third quarter worth $960,000. Berkshire Hathaway Inc acquired a new stake in D.R. Horton in the second quarter valued at $191,491,000. Mediolanum International Funds Ltd increased its position in shares of D.R. Horton by 96.6% in the third quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock valued at $25,670,000 after buying an additional 74,266 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of D.R. Horton during the 3rd quarter worth $946,000. Finally, Trinity Street Asset Management LLP acquired a new position in shares of D.R. Horton during the 3rd quarter worth $25,140,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on DHI. Bank of America set a $158.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Evercore increased their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. Barclays cut their price objective on D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $159.93.

Insider Buying and Selling

In related news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.66% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $132.91 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company’s 50 day simple moving average is $154.10 and its 200 day simple moving average is $155.39. The company has a market capitalization of $38.51 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 2.06 and a beta of 1.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.98 by $0.05. The firm had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. D.R. Horton’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.61 EPS. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.4%. D.R. Horton’s payout ratio is currently 16.35%.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.