Focus Partners Advisor Solutions LLC Acquires 4,376 Shares of D.R. Horton, Inc. $DHI

Focus Partners Advisor Solutions LLC raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 53.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,510 shares of the construction company’s stock after acquiring an additional 4,376 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in D.R. Horton were worth $1,802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DHI. Integrated Wealth Concepts LLC increased its holdings in shares of D.R. Horton by 23.4% in 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. increased its holdings in shares of D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after acquiring an additional 455 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of D.R. Horton in the 2nd quarter valued at $302,000. Brown Advisory Inc. increased its holdings in shares of D.R. Horton by 3.4% in the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after acquiring an additional 208 shares during the period. Finally, Cerity Partners LLC increased its holdings in shares of D.R. Horton by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after acquiring an additional 2,859 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

Shares of DHI stock opened at $146.76 on Thursday. The business’s fifty day simple moving average is $146.25 and its 200-day simple moving average is $149.81. The company has a market cap of $41.62 billion, a PE ratio of 13.75, a PEG ratio of 2.12 and a beta of 1.37. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 12-month low of $119.54 and a 12-month high of $184.54.

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

D.R. Horton Dividend Announcement

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

Analyst Ratings Changes

DHI has been the topic of a number of analyst reports. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. The Goldman Sachs Group lifted their price target on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Barclays upped their price target on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. 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 report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, D.R. Horton 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.