Bank of New York Mellon Corp Grows Position in D.R. Horton, Inc. $DHI

Bank of New York Mellon Corp grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 25.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,889,442 shares of the construction company’s stock after buying an additional 379,577 shares during the quarter. Bank of New York Mellon Corp’s holdings in D.R. Horton were worth $272,136,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Mutual Advisors LLC boosted its stake in shares of D.R. Horton by 4.0% during the third 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 period. AMG National Trust Bank boosted its stake in shares of D.R. Horton by 0.7% during the fourth 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 period. AdvisorShares Investments LLC boosted its stake in shares of D.R. Horton by 2.4% during the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after purchasing an additional 77 shares during the period. Caitlin John LLC boosted its stake in shares of D.R. Horton by 3.4% during the third quarter. Caitlin John LLC now owns 2,426 shares of the construction company’s stock valued at $411,000 after purchasing an additional 79 shares during the period. Finally, Studio Investment Management LLC lifted its stake in D.R. Horton by 0.3% in the fourth quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock worth $3,325,000 after acquiring an additional 79 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DHI shares. Wells Fargo & Company raised 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. Truist Financial raised 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. Weiss Ratings lowered D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Citigroup raised 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. Finally, Royal Bank Of Canada increased their price objective on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $146.45 on Friday. D.R. Horton, Inc. has a 1-year low of $119.54 and a 1-year high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The business has a fifty day moving average price of $145.30 and a 200-day moving average price of $149.54. The company has a market capitalization of $41.53 billion, a PE ratio of 13.73, a PEG ratio of 2.03 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating 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 firm had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same period last year, the company earned $2.58 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. As a group, equities analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

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.