D.R. Horton, Inc. $DHI Shares Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 88.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,688 shares of the construction company’s stock after buying an additional 12,027 shares during the period. Elevation Point Wealth Partners LLC’s holdings in D.R. Horton were worth $3,525,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its stake in shares of D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after acquiring an additional 803 shares in the last quarter. Geneos Wealth Management Inc. increased 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 purchasing an additional 455 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in D.R. Horton in the 2nd quarter worth about $302,000. Brown Advisory Inc. raised its holdings in D.R. Horton by 3.4% in the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after purchasing an additional 208 shares during the period. Finally, Cerity Partners LLC boosted its position in 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 in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the topic of several research analyst reports. Truist Financial raised their price objective on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Weiss Ratings lowered D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. UBS Group boosted their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Barclays upped their price objective on shares of 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. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Stock Performance

NYSE DHI opened at $158.45 on Friday. The company has a market cap of $44.93 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.36. The stock’s 50 day simple moving average is $150.94 and its 200-day simple moving average is $150.25. D.R. Horton, Inc. has a 1-year low of $129.11 and a 1-year high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97.

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. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period in the previous year, the company posted $2.58 earnings per share. The business’s revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 10.61 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s payout ratio is 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.