Caitong International Asset Management Co. Ltd Raises Position in D.R. Horton, Inc. $DHI

Caitong International Asset Management Co. Ltd lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 467,600.0% in the fourth quarter, HoldingsChannel reports. The fund owned 4,677 shares of the construction company’s stock after buying an additional 4,676 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in D.R. Horton were worth $674,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DHI. Merit Financial Group LLC lifted its holdings in shares of 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 worth $2,635,000 after buying an additional 3,726 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of D.R. Horton by 41.5% in the 4th 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 in the last quarter. Arete Wealth Advisors LLC purchased a new position in D.R. Horton during the 3rd quarter worth $946,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of D.R. Horton by 1.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 569,423 shares of the construction company’s stock worth $82,253,000 after buying an additional 9,765 shares during the period. Finally, TD Asset Management Inc lifted its stake in D.R. Horton by 769.3% during the 3rd quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock valued at $151,375,000 after acquiring an additional 790,475 shares during the period. Institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Truist Financial lifted their target price on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Barclays boosted their price objective 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. Finally, Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Stock Performance

NYSE DHI opened at $157.69 on Friday. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a fifty-two week low of $121.38 and a fifty-two week high of $184.54. The business has a fifty day moving average of $148.46 and a 200-day moving average of $149.93. The stock has a market cap of $44.72 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 2.21 and a beta of 1.37.

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, beating analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. During the same period in the previous year, the firm earned $2.58 earnings per share. D.R. Horton’s revenue was down 2.3% compared to the same quarter last year. As a group, analysts predict that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio 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.