HighTower Advisors LLC Trims Stock Holdings in D.R. Horton, Inc. $DHI

HighTower Advisors LLC lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 422,850 shares of the construction company’s stock after selling 15,189 shares during the quarter. HighTower Advisors LLC’s holdings in D.R. Horton were worth $60,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Merit Financial Group LLC lifted its stake in D.R. Horton by 25.6% in the fourth quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock valued at $2,635,000 after buying an additional 3,726 shares during the last quarter. Winnow Wealth LLC purchased a new stake in D.R. Horton in the third quarter valued at approximately $960,000. Nordea Investment Management AB lifted its stake in D.R. Horton by 41.5% in the fourth quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock valued at $179,428,000 after buying an additional 363,573 shares during the last quarter. Arete Wealth Advisors LLC purchased a new stake in D.R. Horton in the third quarter valued at approximately $946,000. Finally, Mediolanum International Funds Ltd raised its stake in shares of D.R. Horton by 96.6% during the third 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 during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 5.2%

NYSE:DHI opened at $141.72 on Thursday. The stock has a fifty day moving average price of $143.92 and a two-hundred day moving average price of $149.49. The stock has a market capitalization of $40.19 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.89 and a beta of 1.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. D.R. Horton, Inc. has a 1 year low of $114.17 and a 1 year high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data 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. The firm had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.D.R. Horton’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.58 earnings per share. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their price target on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Citigroup upped their price target on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Truist Financial upped their price target on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Finally, Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $168.54.

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.