Winnow Wealth LLC Buys New Stake in D.R. Horton, Inc. $DHI

Winnow Wealth LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,645 shares of the construction company’s stock, valued at approximately $960,000.

A number of other institutional investors have also modified their holdings of DHI. Integrated Wealth Concepts LLC boosted its holdings in D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after acquiring an additional 803 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after purchasing an additional 455 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of D.R. Horton in the second quarter valued at approximately $302,000. HB Wealth Management LLC grew its holdings in shares of D.R. Horton by 2.2% in the second quarter. HB Wealth Management LLC now owns 13,432 shares of the construction company’s stock valued at $1,732,000 after purchasing an additional 288 shares in the last quarter. Finally, Truist Financial Corp increased its stake in D.R. Horton by 200.1% during the 2nd quarter. Truist Financial Corp now owns 177,280 shares of the construction company’s stock worth $22,855,000 after buying an additional 118,199 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on DHI shares. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research note on Tuesday. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Argus lifted their price objective on D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Bank of America cut their target price on shares of D.R. Horton from $162.00 to $158.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, D.R. Horton has an average rating of “Hold” and an average price target of $160.50.

D.R. Horton Price Performance

DHI stock opened at $148.82 on Friday. The business has a 50 day moving average price of $152.19 and a 200 day moving average price of $155.60. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The stock has a market cap of $43.11 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 2.32 and a beta of 1.42. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The company had revenue of $6.89 billion for the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the company earned $2.61 earnings per share. Equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, February 5th. D.R. Horton’s dividend payout ratio is currently 16.35%.

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.