Picton Mahoney Asset Management Raises Stake in D.R. Horton, Inc. $DHI

Picton Mahoney Asset Management boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 31.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 127,386 shares of the construction company’s stock after acquiring an additional 30,546 shares during the period. Picton Mahoney Asset Management’s holdings in D.R. Horton were worth $21,586,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of DHI. Level Four Advisory Services LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $212,000. Focus Partners Advisor Solutions LLC increased its position in D.R. Horton by 172.3% in the third quarter. Focus Partners Advisor Solutions LLC now owns 8,134 shares of the construction company’s stock worth $1,258,000 after buying an additional 5,147 shares during the last quarter. Elo Mutual Pension Insurance Co raised its stake in shares of D.R. Horton by 55.0% in the third quarter. Elo Mutual Pension Insurance Co now owns 36,733 shares of the construction company’s stock valued at $6,225,000 after buying an additional 13,035 shares during the period. WASHINGTON TRUST Co purchased a new position in shares of D.R. Horton during the 3rd quarter valued at $229,000. Finally, Journey Strategic Wealth LLC grew its stake in shares of D.R. Horton by 10.1% during the 3rd quarter. Journey Strategic Wealth LLC now owns 2,281 shares of the construction company’s stock worth $387,000 after acquiring an additional 209 shares during the period. 90.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares in the company, valued at $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.66% of the stock is owned by corporate insiders.

D.R. Horton Trading Down 1.1%

D.R. Horton stock opened at $152.64 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The stock has a market cap of $44.22 billion, a P/E ratio of 13.86, a PEG ratio of 2.38 and a beta of 1.43. The firm’s fifty day moving average price is $154.91 and its 200-day moving average price is $157.57.

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

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio is 16.35%.

Analysts Set New Price Targets

A number of analysts recently commented on DHI shares. Truist Financial set a $155.00 price target on shares of D.R. Horton in a research note on Tuesday. Argus boosted their target price on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $155.00 price target (down from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. Zacks Research cut D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $159.93.

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.