D.R. Horton, Inc. $DHI Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. grew its stake in D.R. Horton, Inc. (NYSE:DHI) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,573 shares of the construction company’s stock after acquiring an additional 6,058 shares during the quarter. D.A. Davidson & CO.’s holdings in D.R. Horton were worth $13,801,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DHI. First Manhattan CO. LLC. raised its stake in D.R. Horton by 2.0% in the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock valued at $511,000 after purchasing an additional 70 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its stake in shares of D.R. Horton by 11.0% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock worth $103,000 after purchasing an additional 71 shares during the last quarter. AMG National Trust Bank grew its holdings 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 worth $1,570,000 after buying an additional 74 shares in the last quarter. AdvisorShares Investments LLC raised its position in shares of D.R. Horton by 2.4% in the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after buying an additional 77 shares during the last quarter. Finally, Studio Investment Management LLC lifted its stake in shares of D.R. Horton by 0.3% during the fourth quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock valued at $3,325,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DHI. The Goldman Sachs Group raised their target price on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Truist Financial increased 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. Citigroup raised their price objective on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Barclays lifted their price objective on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Five 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’s stock. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $168.62.

D.R. Horton Trading Up 1.7%

Shares of DHI opened at $154.19 on Friday. D.R. Horton, Inc. has a twelve month low of $129.22 and a twelve month high of $184.54. The firm has a market capitalization of $43.72 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.36. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $150.51 and its 200 day simple moving average is $150.42.

D.R. Horton (NYSE:DHI) last posted its quarterly 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. The firm had revenue of $7.56 billion during 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 firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.58 earnings per share. On average, equities research analysts forecast that D.R. Horton, Inc. will post 10.6 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

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.