Montag A & Associates Inc. boosted its holdings in D.R. Horton, Inc. (NYSE:DHI – Free Report) by 163.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,726 shares of the construction company’s stock after acquiring an additional 13,480 shares during the quarter. Montag A & Associates Inc.’s holdings in D.R. Horton were worth $2,981,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Integrated Advisors Network LLC raised its stake in shares of D.R. Horton by 390.1% in the first quarter. Integrated Advisors Network LLC now owns 21,032 shares of the construction company’s stock worth $2,886,000 after purchasing an additional 16,741 shares during the last quarter. Unison Advisors LLC boosted its position in shares of D.R. Horton by 0.3% during the first quarter. Unison Advisors LLC now owns 39,173 shares of the construction company’s stock valued at $5,375,000 after buying an additional 109 shares during the last quarter. Kathmere Capital Management LLC boosted its position in shares of D.R. Horton by 8.8% during the first quarter. Kathmere Capital Management LLC now owns 3,686 shares of the construction company’s stock valued at $506,000 after buying an additional 297 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in D.R. Horton by 468.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 6,116 shares of the construction company’s stock worth $867,000 after buying an additional 5,040 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new position in D.R. Horton in the 1st quarter worth about $58,000. Institutional investors own 90.63% of the company’s stock.
D.R. Horton Stock Performance
Shares of DHI opened at $148.54 on Thursday. The business has a 50-day simple moving average of $150.47 and a two-hundred day simple moving average of $150.22. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 52 week low of $129.11 and a 52 week high of $184.54. The stock has a market cap of $42.12 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.18 and a beta of 1.36.
D.R. Horton Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s payout ratio is currently 16.87%.
Wall Street Analyst Weigh In
DHI has been the topic of several research analyst reports. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Truist Financial lifted their price target on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday. Barclays raised their target price on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada lifted their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 22nd. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $168.54.
Read Our Latest Research Report on D.R. Horton
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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