Integrated Advisors Network LLC Buys 16,741 Shares of D.R. Horton, Inc. $DHI

Integrated Advisors Network LLC increased its position in D.R. Horton, Inc. (NYSE:DHIFree Report) by 390.1% in the first quarter, Holdings Channel.com reports. The fund owned 21,032 shares of the construction company’s stock after acquiring an additional 16,741 shares during the quarter. Integrated Advisors Network LLC’s holdings in D.R. Horton were worth $2,886,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DHI. Core Wealth Advisors LLC bought a new position in D.R. Horton in the 4th quarter valued at $25,000. Osbon Capital Management LLC bought a new stake in D.R. Horton during the fourth quarter valued at $26,000. Sound Income Strategies LLC purchased a new position in D.R. Horton during the fourth quarter worth about $27,000. Elevated Capital Advisors LLC bought a new position in D.R. Horton in the 4th quarter worth about $27,000. Finally, Wilkerson Advisory Group LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $30,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DHI shares. Barclays raised their target price on shares of D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Truist Financial upped their target price on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. UBS Group raised their price target on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $168.54.

Read Our Latest Research Report on D.R. Horton

D.R. Horton Stock Performance

Shares of DHI stock opened at $155.41 on Wednesday. The company has a market capitalization of $44.07 billion, a P/E ratio of 14.56, a PEG ratio of 2.19 and a beta of 1.36. D.R. Horton, Inc. has a fifty-two week low of $129.11 and a fifty-two week high of $184.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The stock has a 50 day moving average price of $150.69 and a two-hundred day moving average price of $150.24.

D.R. Horton (NYSE:DHIGet Free Report) last issued its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion for 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%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.58 earnings per share. Analysts expect that D.R. Horton, Inc. will post 10.6 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a $0.45 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio is 16.87%.

About D.R. Horton

(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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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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