D.R. Horton, Inc. $DHI Stock Holdings Boosted by Morse Asset Management Inc

Morse Asset Management Inc increased its position in D.R. Horton, Inc. (NYSE:DHI) by 268.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,075 shares of the construction company’s stock after acquiring an additional 16,090 shares during the period. Morse Asset Management Inc’s holdings in D.R. Horton were worth $3,741,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Hemington Wealth Management increased its stake in shares of D.R. Horton by 22.1% in the third quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock valued at $59,000 after purchasing an additional 64 shares during the period. Apella Capital LLC boosted its position in shares of D.R. Horton by 0.8% during the third quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock worth $1,454,000 after buying an additional 69 shares during the period. Mutual Advisors LLC grew its holdings in D.R. Horton by 4.0% in the 3rd quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock worth $288,000 after buying an additional 70 shares in the last quarter. Physician Wealth Advisors Inc. increased its position in D.R. Horton by 17.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock valued at $80,000 after acquiring an additional 71 shares during the period. Finally, Caitlin John LLC raised its stake in D.R. Horton by 3.4% during the 3rd quarter. Caitlin John LLC now owns 2,426 shares of the construction company’s stock valued at $411,000 after acquiring an additional 79 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $141.98 on Tuesday. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $154.82 and a two-hundred day moving average of $156.19. The company has a market capitalization of $41.13 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 2.17 and a beta of 1.43.

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 analysts’ consensus estimates of $1.98 by $0.05. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.61 EPS. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup lowered their price target on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Bank of America set a $158.00 target price on shares of D.R. Horton in a research note on Wednesday, January 21st. Evercore boosted their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a report on Wednesday, January 21st. Finally, Argus boosted their target price on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $159.93.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is owned by insiders.

About D.R. Horton

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.