Natixis Advisors LLC Purchases 42,779 Shares of D.R. Horton, Inc. $DHI

Natixis Advisors LLC increased its position in D.R. Horton, Inc. (NYSE:DHI) by 18.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 280,229 shares of the construction company’s stock after purchasing an additional 42,779 shares during the quarter. Natixis Advisors LLC owned approximately 0.09% of D.R. Horton worth $47,490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Concord Wealth Partners purchased a new position in D.R. Horton during the third quarter valued at $25,000. Canton Hathaway LLC purchased a new stake in shares of D.R. Horton in the 3rd quarter worth about $26,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of D.R. Horton in the 3rd quarter worth about $27,000. Ameriflex Group Inc. bought a new position in shares of D.R. Horton in the 3rd quarter worth about $31,000. Finally, Westfuller Advisors LLC purchased a new position in D.R. Horton during the 3rd quarter valued at about $34,000. 90.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the company’s 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 of the company’s stock, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.66% of the company’s stock.

D.R. Horton Stock Up 0.3%

DHI stock opened at $147.75 on Tuesday. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The business’s 50-day moving average is $155.15 and its two-hundred day moving average is $157.15. 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 company has a market cap of $42.80 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 2.28 and a beta of 1.43.

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

D.R. Horton Announces Dividend

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

Analyst Ratings Changes

Several research firms recently commented on DHI. Truist Financial set a $155.00 price objective on shares of D.R. Horton and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Citigroup reduced their price objective on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Zacks Research downgraded D.R. Horton from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Finally, Bank of America set a $158.00 price target on D.R. Horton in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average target price of $159.93.

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.