Allstate Corp Grows Position in D.R. Horton, Inc. $DHI

Allstate Corp increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 95.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,886 shares of the construction company’s stock after buying an additional 9,720 shares during the period. Allstate Corp’s holdings in D.R. Horton were worth $2,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DHI. Merit Financial Group LLC increased its position in shares of D.R. Horton by 25.6% during the 4th quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after purchasing an additional 3,726 shares during the last quarter. Winnow Wealth LLC acquired a new position in D.R. Horton in the 3rd quarter valued at about $960,000. Nordea Investment Management AB grew its position in 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 acquiring an additional 363,573 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in D.R. Horton in the 3rd quarter valued at about $946,000. Finally, Mediolanum International Funds Ltd grew its position in D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock valued at $25,670,000 after acquiring an additional 74,266 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $147.66 on Thursday. The stock has a 50-day simple moving average of $144.24 and a 200-day simple moving average of $149.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The stock has a market capitalization of $41.87 billion, a PE ratio of 13.84, a PEG ratio of 2.04 and a beta of 1.41. D.R. Horton, Inc. has a 1 year low of $114.17 and a 1 year high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.09. The business had revenue of $7.56 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $2.58 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

Analysts Set New Price Targets

Several research firms have weighed in on DHI. Barclays lifted their target price on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. UBS Group lifted their target price on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Citigroup lifted their target price on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Finally, Truist Financial lifted their target price on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.