Clough Capital Partners L P Has $36.99 Million Position in D.R. Horton, Inc. $DHI

Clough Capital Partners L P decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 218,274 shares of the construction company’s stock after selling 27,277 shares during the period. D.R. Horton comprises approximately 3.2% of Clough Capital Partners L P’s portfolio, making the stock its 7th largest holding. Clough Capital Partners L P’s holdings in D.R. Horton were worth $36,991,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hemington Wealth Management raised its position in D.R. Horton by 22.1% in the third quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock valued at $59,000 after purchasing an additional 64 shares during the last quarter. Apella Capital LLC boosted its stake in shares of D.R. Horton by 0.8% during the third quarter. Apella Capital LLC now owns 8,578 shares of the construction company’s stock valued at $1,454,000 after purchasing an additional 69 shares in the last quarter. Mutual Advisors LLC grew its holdings in shares of D.R. Horton by 4.0% during the third quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock worth $288,000 after purchasing an additional 70 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in shares of D.R. Horton by 17.8% during the third quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock worth $80,000 after purchasing an additional 71 shares during the last quarter. Finally, Caitlin John LLC increased its stake in shares of D.R. Horton by 3.4% in the third quarter. Caitlin John LLC now owns 2,426 shares of the construction company’s stock valued at $411,000 after buying an additional 79 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the topic of several recent research reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $155.00 target price (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Truist Financial set a $155.00 price target on shares of D.R. Horton and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Zacks Research downgraded shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Evercore lifted their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. Finally, Bank of America set a $158.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $159.93.

D.R. Horton Trading Up 1.0%

NYSE:DHI opened at $140.45 on Friday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The firm’s fifty day moving average is $154.91 and its 200-day moving average is $156.46. The firm has a market cap of $40.69 billion, a P/E ratio of 12.76, a P/E/G ratio of 2.17 and a beta of 1.43.

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

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio (DPR) is 16.35%.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.66% of the company’s stock.

D.R. Horton 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.