West Wealth Group LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) in the 3rd quarter, HoldingsChannel reports. The firm purchased 13,428 shares of the construction company’s stock, valued at approximately $1,835,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of D.R. Horton in the second quarter worth about $4,067,842,000. Bank of America Corp DE purchased a new stake in D.R. Horton during the 2nd quarter valued at about $477,358,000. Bank of New York Mellon Corp purchased a new stake in D.R. Horton during the 2nd quarter valued at about $294,292,000. Legal & General Group Plc purchased a new stake in D.R. Horton during the 2nd quarter valued at about $280,664,000. Finally, Deutsche Bank AG bought a new position in D.R. Horton during the 2nd quarter worth approximately $201,077,000. 90.63% of the stock is owned by institutional investors.
D.R. Horton Stock Down 1.5%
Shares of D.R. Horton stock opened at $133.44 on Thursday. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 12-month low of $130.40 and a 12-month high of $170.79. The company has a market cap of $37.32 billion, a P/E ratio of 12.70, a PEG ratio of 2.10 and a beta of 1.35. The company’s fifty day simple moving average is $141.93 and its two-hundred day simple moving average is $146.43.
D.R. Horton Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is presently 17.13%.
Wall Street Analysts Forecast Growth
DHI has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Truist Financial dropped their price objective on D.R. Horton from $150.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, September 16th. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Morgan Stanley started coverage on shares of D.R. Horton in a report on Thursday, October 1st. They issued an “equal weight” rating and a $151.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price on shares of D.R. Horton from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Friday, September 11th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $158.79.
Get Our Latest Stock Analysis on D.R. Horton
D.R. Horton Company Profile
D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.
The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.
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