D.R. Horton, Inc. $DHI is Horiko Capital Management LLC’s 9th Largest Position

Horiko Capital Management LLC lessened its holdings in D.R. Horton, Inc. (NYSE:DHI) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,782 shares of the construction company’s stock after selling 4,015 shares during the quarter. D.R. Horton accounts for 6.4% of Horiko Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Horiko Capital Management LLC owned 0.05% of D.R. Horton worth $26,922,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Concord Wealth Partners purchased a new stake in D.R. Horton during the third quarter valued at about $25,000. Canton Hathaway LLC purchased a new position in shares of D.R. Horton in the third quarter worth about $26,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of D.R. Horton in the 3rd quarter valued at about $27,000. Ameriflex Group Inc. bought a new stake in shares of D.R. Horton in the 3rd quarter valued at about $31,000. Finally, Westfuller Advisors LLC purchased a new stake in D.R. Horton during the 3rd quarter valued at about $34,000. 90.63% of the stock is 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 on Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DHI shares. Citigroup decreased their price target on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Zacks Research downgraded shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Truist Financial set a $155.00 price target on shares of D.R. Horton and gave the company a “hold” rating in a report on Tuesday, March 3rd. Finally, Barclays dropped their price target on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $159.93.

D.R. Horton Trading Up 1.0%

NYSE DHI opened at $140.45 on Monday. The stock has a market cap of $40.69 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 2.17 and a beta of 1.43. 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 50 day simple moving average of $154.91 and a two-hundred day simple moving average of $156.38. 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 (NYSE:DHI) last posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.05. The firm had revenue of $6.89 billion for 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 business’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.61 earnings per share. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s payout ratio is presently 16.35%.

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.