Fifth Third Wealth Advisors LLC Has $1.85 Million Stock Position in D.R. Horton, Inc. $DHI

Fifth Third Wealth Advisors LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) by 271.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,477 shares of the construction company’s stock after buying an additional 9,853 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in D.R. Horton were worth $1,849,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DHI. Capital World Investors grew its position in D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after acquiring an additional 18,607,545 shares during the last quarter. Norges Bank bought a new position in D.R. Horton in the fourth quarter valued at about $649,305,000. Capital International Investors acquired a new stake in shares of D.R. Horton during the third quarter valued at about $395,179,000. Boston Partners acquired a new position in shares of D.R. Horton in the third quarter valued at approximately $274,784,000. Finally, Viking Global Investors LP raised its holdings in D.R. Horton by 108.3% in the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after buying an additional 1,469,978 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

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D.R. Horton Trading Up 0.1%

NYSE:DHI opened at $166.69 on Friday. The firm’s fifty day moving average is $149.85 and its 200-day moving average is $149.90. 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 52 week low of $125.04 and a 52 week high of $184.54. The firm has a market cap of $47.27 billion, a P/E ratio of 15.62, a P/E/G ratio of 2.33 and a beta of 1.37.

D.R. Horton (NYSE:DHI – Get Free Report) last announced its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The business had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. D.R. Horton’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.58 earnings per share. Equities analysts expect that D.R. Horton, Inc. will post 10.61 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio (DPR) is 16.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DHI shares. UBS Group boosted their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Citigroup lifted their price target on shares of D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Weiss Ratings cut shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Barclays raised their target price on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, Truist Financial upped their price target on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $168.54.

View Our Latest Stock Report on DHI

D.R. Horton Profile

(Free Report)

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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