D.R. Horton, Inc. $DHI Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 1,032.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 101,061 shares of the construction company’s stock after purchasing an additional 92,140 shares during the period. Federated Hermes Inc.’s holdings in D.R. Horton were worth $17,127,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new position in shares of D.R. Horton during the 3rd quarter worth approximately $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of D.R. Horton in the third quarter valued at approximately $27,000. Westfuller Advisors LLC acquired a new position in D.R. Horton during the third quarter worth $34,000. Twin Peaks Wealth Advisors LLC purchased a new position in D.R. Horton in the second quarter worth $29,000. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in D.R. Horton in the third quarter valued at $40,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DHI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Royal Bank Of Canada boosted their price objective on shares of D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. Wells Fargo & Company set a $158.00 target price on shares of D.R. Horton in a research report on Wednesday, January 21st. BTIG Research set a $182.00 target price on shares of D.R. Horton in a report on Wednesday, January 21st. Finally, Zacks Research lowered D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $160.50.

D.R. Horton Stock Down 1.1%

DHI stock opened at $148.82 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The firm has a market capitalization of $43.11 billion, a PE ratio of 13.52, a P/E/G ratio of 2.32 and a beta of 1.42. The company’s 50 day simple moving average is $152.19 and its 200-day simple moving average is $155.78.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. The firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.D.R. Horton’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 EPS. Equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

D.R. Horton Company Profile

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.