Dnca Finance Buys 12,500 Shares of D.R. Horton, Inc. $DHI

Dnca Finance lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 13.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 105,000 shares of the construction company’s stock after purchasing an additional 12,500 shares during the period. D.R. Horton comprises approximately 1.2% of Dnca Finance’s portfolio, making the stock its 25th biggest holding. Dnca Finance’s holdings in D.R. Horton were worth $17,794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Winnow Wealth LLC bought a new position in D.R. Horton during the 3rd quarter valued at approximately $960,000. Berkshire Hathaway Inc purchased a new position in D.R. Horton during the 2nd quarter valued at $191,491,000. Mediolanum International Funds Ltd raised its holdings in D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock worth $25,670,000 after purchasing an additional 74,266 shares in the last quarter. Arete Wealth Advisors LLC bought a new position in D.R. Horton in the 3rd quarter worth $946,000. Finally, Trinity Street Asset Management LLP purchased a new stake in D.R. Horton in the third quarter worth about $25,140,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Up 1.0%

Shares of NYSE:DHI opened at $140.45 on Friday. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $154.91 and a two-hundred day simple moving average of $156.54. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The stock has a market capitalization of $40.69 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 2.15 and a beta of 1.43.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping 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 firm had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the prior year, the firm posted $2.61 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. On average, research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton’s dividend payout ratio is 16.35%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. UBS Group reiterated a “buy” rating on shares of D.R. Horton in a report on Thursday. BTIG Research set a $182.00 target price on shares of D.R. Horton in a research report on Wednesday, January 21st. Truist Financial set a $155.00 price target on shares of D.R. Horton and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $155.00 price objective (down from $180.00) on shares of D.R. Horton in a research note on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $159.93.

Insider Buying and Selling

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.66% of the company’s stock.

D.R. Horton Company 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.