D.R. Horton, Inc. $DHI Shares Purchased by Truist Financial Corp

Truist Financial Corp raised its position in D.R. Horton, Inc. (NYSE:DHI) by 22.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 216,896 shares of the construction company’s stock after purchasing an additional 39,616 shares during the quarter. Truist Financial Corp owned about 0.07% of D.R. Horton worth $36,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DHI. Canton Hathaway LLC acquired a new stake in D.R. Horton in the 3rd quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. bought a new position in D.R. Horton in the 3rd quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC acquired a new position in D.R. Horton during the 2nd quarter valued at about $29,000. Westfuller Advisors LLC bought a new stake in shares of D.R. Horton during the 3rd quarter worth about $34,000. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $40,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.1%

NYSE:DHI opened at $150.30 on Friday. The stock has a fifty day simple moving average of $152.15 and a 200 day simple moving average of $155.51. The firm has a market capitalization of $43.54 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 2.29 and a beta of 1.42. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. The company had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.61 earnings per share. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, February 5th. D.R. Horton’s payout ratio is presently 16.35%.

Analysts Set New Price Targets

DHI has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. BTIG Research set a $182.00 target price on D.R. Horton in a report on Wednesday, January 21st. Bank of America dropped their price target on shares of D.R. Horton from $162.00 to $158.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $195.00 price objective on shares of D.R. Horton in a research report on Tuesday, January 13th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $160.50.

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.