Sequoia Financial Advisors LLC Raises Stake in D.R. Horton, Inc. $DHI

Sequoia Financial Advisors LLC lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 53.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,574 shares of the construction company’s stock after purchasing an additional 6,107 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in D.R. Horton were worth $2,531,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Gateway Investment Advisers LLC grew its holdings in shares of D.R. Horton by 30.5% during the 4th quarter. Gateway Investment Advisers LLC now owns 2,051 shares of the construction company’s stock worth $295,000 after purchasing an additional 479 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of D.R. Horton by 3.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 577,008 shares of the construction company’s stock worth $84,082,000 after purchasing an additional 20,881 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of D.R. Horton by 1.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 39,420 shares of the construction company’s stock worth $5,678,000 after purchasing an additional 556 shares during the period. Nordwand Advisors LLC grew its holdings in shares of D.R. Horton by 1.2% during the 4th quarter. Nordwand Advisors LLC now owns 27,216 shares of the construction company’s stock worth $3,920,000 after purchasing an additional 330 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of D.R. Horton by 40.7% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,740 shares of the construction company’s stock worth $251,000 after purchasing an additional 503 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Activity

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DHI shares. Royal Bank Of Canada boosted their price target on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 22nd. Bank of America set a $158.00 price target on D.R. Horton in a research report on Wednesday, January 21st. Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. The Goldman Sachs Group boosted their price target on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Argus boosted their price target on D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $168.54.

D.R. Horton Stock Performance

D.R. Horton stock opened at $147.56 on Monday. The stock’s 50 day moving average price is $146.25 and its 200 day moving average price is $150.41. The firm has a market capitalization of $41.85 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 2.07 and a beta of 1.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. D.R. Horton, Inc. has a one year low of $114.17 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period in the prior year, the company posted $2.58 EPS. D.R. Horton’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 16.87%.

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.