MUFG Securities EMEA plc boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) by 111.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,227 shares of the construction company’s stock after acquiring an additional 5,920 shares during the period. MUFG Securities EMEA plc’s holdings in D.R. Horton were worth $1,617,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DHI. Integrated Wealth Concepts LLC increased its stake in D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after acquiring an additional 803 shares during the period. Geneos Wealth Management Inc. increased its stake in D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after acquiring an additional 455 shares during the period. Sivia Capital Partners LLC bought a new position in D.R. Horton during the second quarter valued at about $302,000. Brown Advisory Inc. increased its stake in D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after acquiring an additional 208 shares during the period. Finally, Cerity Partners LLC increased its stake in D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after acquiring an additional 2,859 shares during the period. 90.63% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
DHI has been the topic of several research reports. Royal Bank Of Canada boosted their price target on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group upped their price objective on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings lowered D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Truist Financial upped their price objective on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $168.54.
D.R. Horton Trading Up 0.6%
DHI stock opened at $147.82 on Wednesday. D.R. Horton, Inc. has a 1-year low of $115.79 and a 1-year high of $184.54. The firm has a market cap of $41.92 billion, a P/E ratio of 13.85, a P/E/G ratio of 2.06 and a beta of 1.37. The business’s 50 day moving average is $144.72 and its 200-day moving average is $149.49. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.
D.R. Horton (NYSE:DHI – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating the consensus estimate 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. The company’s revenue was down 2.3% compared to the same quarter last year. Equities analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.
D.R. Horton Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio is 16.87%.
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.
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