Integrated Advisors Network LLC Has $2.89 Million Position in D.R. Horton, Inc. $DHI

Integrated Advisors Network LLC increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 390.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,032 shares of the construction company’s stock after purchasing an additional 16,741 shares during the quarter. Integrated Advisors Network LLC’s holdings in D.R. Horton were worth $2,886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its stake in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake 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 last quarter. Sivia Capital Partners LLC bought a new position in D.R. Horton in the second quarter valued at about $302,000. Brown Advisory Inc. boosted its stake in shares of D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after purchasing an additional 208 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after purchasing an additional 2,859 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday. UBS Group raised their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings lowered shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, The Goldman Sachs Group boosted their price objective on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Five 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. According to data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Performance

DHI opened at $155.41 on Wednesday. D.R. Horton, Inc. has a 1-year low of $129.11 and a 1-year high of $184.54. The company has a market cap of $44.07 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 2.19 and a beta of 1.36. The company’s fifty day moving average price is $150.69 and its two-hundred day moving average price is $150.24. 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 (NYSE:DHI) last issued its quarterly earnings data 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 analysts’ expectations of $7.55 billion. During the same period last year, the company earned $2.58 earnings per share. The business’s revenue was down 2.3% on a year-over-year basis. On average, analysts expect that D.R. Horton, Inc. will post 10.6 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s payout ratio is currently 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.