Whittier Trust Co. of Nevada Inc. Boosts Stock Holdings in D.R. Horton, Inc. $DHI

Whittier Trust Co. of Nevada Inc. lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 468.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,116 shares of the construction company’s stock after purchasing an additional 5,040 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in D.R. Horton were worth $867,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Core Wealth Advisors LLC bought a new position in D.R. Horton in the fourth quarter worth approximately $25,000. Osbon Capital Management LLC bought a new stake in D.R. Horton during the 4th quarter valued at $26,000. Sound Income Strategies LLC bought a new stake in D.R. Horton during the 4th quarter valued at $27,000. Elevated Capital Advisors LLC purchased a new position in shares of D.R. Horton in the 4th quarter valued at $27,000. Finally, Wilkerson Advisory Group LLC purchased a new position in shares of D.R. Horton in the 4th quarter valued at $30,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DHI. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Barclays lifted their target price on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada increased their price target on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. Citigroup raised their price target on shares of D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, Truist Financial boosted their price objective 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. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Performance

DHI opened at $155.41 on Wednesday. D.R. Horton, Inc. has a 52-week low of $129.11 and a 52-week high of $184.54. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The company has a market cap of $44.07 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 2.19 and a beta of 1.36. The firm’s 50-day moving average price is $150.69 and its 200-day moving average price is $150.24.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS 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 analysts’ expectations of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. D.R. Horton’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the business earned $2.58 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 10.6 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s payout ratio is presently 16.87%.

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.