Morse Asset Management Inc Decreases Stake in D.R. Horton, Inc. $DHI

Morse Asset Management Inc lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 25.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,493 shares of the construction company’s stock after selling 5,582 shares during the quarter. Morse Asset Management Inc’s holdings in D.R. Horton were worth $2,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of DHI. Capital World Investors increased its position in D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after acquiring an additional 18,607,545 shares during the last quarter. Capital International Investors purchased a new stake in D.R. Horton during the third quarter valued at $395,179,000. Boston Partners purchased a new stake in D.R. Horton during the third quarter valued at $274,784,000. Viking Global Investors LP increased its position in D.R. Horton by 108.3% during the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after acquiring an additional 1,469,978 shares during the last quarter. Finally, TD Asset Management Inc increased its position in D.R. Horton by 769.3% during the third quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock valued at $151,375,000 after acquiring an additional 790,475 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the 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 sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DHI shares. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. UBS Group boosted their price target on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Bank of America set a $158.00 price target on D.R. Horton in a report on Wednesday, January 21st. Argus boosted their price target on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Trading Down 4.3%

Shares of DHI stock opened at $143.47 on Tuesday. D.R. Horton, Inc. has a 1 year low of $114.17 and a 1 year high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The stock’s 50 day simple moving average is $147.26 and its two-hundred day simple moving average is $150.55. The company has a market cap of $40.68 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data 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 business had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same period in the prior year, the business posted $2.58 earnings per share. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Research analysts predict that D.R. Horton, Inc. will post 10.54 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 16.87%.

D.R. Horton 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.