D.R. Horton, Inc. $DHI Stock Sold by Vise Technologies Inc.

Vise Technologies Inc. lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 16.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,264 shares of the construction company’s stock after selling 3,770 shares during the quarter. Vise Technologies Inc.’s holdings in D.R. Horton were worth $2,632,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of D.R. Horton during the second quarter valued at about $4,067,842,000. Bank of America Corp DE boosted its stake in shares of D.R. Horton by 10.7% during the first quarter. Bank of America Corp DE now owns 3,226,686 shares of the construction company’s stock valued at $442,766,000 after purchasing an additional 312,303 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of D.R. Horton by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company’s stock valued at $422,734,000 after purchasing an additional 21,514 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of D.R. Horton by 4.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,903,786 shares of the construction company’s stock worth $472,969,000 after purchasing an additional 122,434 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of D.R. Horton by 2.3% in the first quarter. Principal Financial Group Inc. now owns 2,155,581 shares of the construction company’s stock worth $295,789,000 after purchasing an additional 48,723 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DHI shares. Morgan Stanley lowered their price target on shares of D.R. Horton from $151.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday. Stonex Financial raised shares of D.R. Horton to a “hold” rating in a report on Thursday, October 15th. The Goldman Sachs Group restated a “buy” rating and issued a $182.00 price objective (down from $190.00) on shares of D.R. Horton in a research report on Monday, October 12th. Melius Research began coverage on shares of D.R. Horton in a research report on Tuesday, October 6th. They issued a “sell” rating and a $128.00 price objective on the stock. Finally, Truist Financial dropped their target price on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, September 16th. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average target price of $151.33.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $157.12 on Thursday. The business has a 50 day moving average of $140.89 and a 200 day moving average of $147.57. D.R. Horton, Inc. has a 52 week low of $130.40 and a 52 week high of $170.79. The company has a market cap of $43.95 billion, a PE ratio of 15.49, a P/E/G ratio of 1.63 and a beta of 1.35. The company has a quick ratio of 0.95, a current ratio of 6.01 and a debt-to-equity ratio of 0.26.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.34). The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.07 billion. D.R. Horton had a net margin of 8.74% and a return on equity of 11.93%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 EPS. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 10.92 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.45. D.R. Horton’s payout ratio is presently 17.75%.

D.R. Horton Profile

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company’s operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.