Y Intercept Hong Kong Ltd Makes New $11.37 Million Investment in D.R. Horton, Inc. $DHI

Y Intercept Hong Kong Ltd bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 78,965 shares of the construction company’s stock, valued at approximately $11,373,000.

Several other institutional investors have also recently made changes to their positions in the company. Merit Financial Group LLC boosted its position in shares of D.R. Horton by 25.6% during the 4th quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock valued at $2,635,000 after acquiring an additional 3,726 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of D.R. Horton by 41.5% during the 4th quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock valued at $179,428,000 after acquiring an additional 363,573 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of D.R. Horton during the 3rd quarter valued at about $946,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of D.R. Horton by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 569,423 shares of the construction company’s stock valued at $82,253,000 after acquiring an additional 9,765 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in shares of D.R. Horton by 769.3% during the 3rd quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock valued at $151,375,000 after acquiring an additional 790,475 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE:DHI opened at $154.00 on Friday. The business has a 50 day moving average of $146.90 and a 200 day moving average of $149.89. The company has a market capitalization of $43.67 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 2.17 and a beta of 1.37. D.R. Horton, Inc. has a 1-year low of $119.54 and a 1-year high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.D.R. Horton’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 EPS. On average, sell-side analysts predict that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a $0.45 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s payout ratio is presently 16.87%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DHI shares. The Goldman Sachs Group lifted their price target on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Truist Financial lifted their price target on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Barclays lifted their price target on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Weiss Ratings downgraded D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $168.54.

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.