Investment House LLC Trims Stake in D.R. Horton, Inc. $DHI

Investment House LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 53,911 shares of the construction company’s stock after selling 5,000 shares during the period. Investment House LLC’s holdings in D.R. Horton were worth $7,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mutual Advisors LLC lifted its holdings in shares of D.R. Horton by 4.0% in the 3rd quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock valued at $288,000 after purchasing an additional 70 shares during the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of D.R. Horton by 17.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock valued at $80,000 after purchasing an additional 71 shares during the last quarter. AMG National Trust Bank lifted its holdings in shares of D.R. Horton by 0.7% in the 4th quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock valued at $1,570,000 after purchasing an additional 74 shares during the last quarter. Caitlin John LLC increased its position in D.R. Horton by 3.4% in the 3rd quarter. Caitlin John LLC now owns 2,426 shares of the construction company’s stock valued at $411,000 after acquiring an additional 79 shares during the period. Finally, Capital Investment Advisory Services LLC raised its stake in D.R. Horton by 5.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,577 shares of the construction company’s stock valued at $227,000 after acquiring an additional 84 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

NYSE DHI opened at $134.76 on Wednesday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $144.04 and its two-hundred day moving average is $149.54. D.R. Horton, Inc. has a 12-month low of $114.17 and a 12-month high of $184.54. The stock has a market capitalization of $38.21 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.93 and a beta of 1.41.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter in the previous year, the firm posted $2.58 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. Research analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton’s payout ratio is presently 16.87%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Truist Financial upped their price objective on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Bank of America set a $158.00 price objective on D.R. Horton in a research note on Wednesday, January 21st. Royal Bank Of Canada upped their price objective on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Finally, Barclays upped their price objective on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $168.54.

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.