D.R. Horton, Inc. $DHI Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 46.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 233,950 shares of the construction company’s stock after selling 203,332 shares during the quarter. Panagora Asset Management Inc.’s holdings in D.R. Horton were worth $33,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. Mariner LLC lifted its stake in shares of D.R. Horton by 19.4% during the fourth quarter. Mariner LLC now owns 190,789 shares of the construction company’s stock valued at $27,496,000 after buying an additional 30,963 shares during the period. Mountaineer Partners Management LLC lifted its stake in shares of D.R. Horton by 133.2% during the fourth quarter. Mountaineer Partners Management LLC now owns 65,004 shares of the construction company’s stock valued at $9,363,000 after buying an additional 37,128 shares during the period. Focus Partners Wealth lifted its stake in shares of D.R. Horton by 36.7% during the fourth quarter. Focus Partners Wealth now owns 46,252 shares of the construction company’s stock valued at $6,662,000 after buying an additional 12,428 shares during the period. Fieldview Capital Management LLC lifted its stake in shares of D.R. Horton by 10.4% during the fourth quarter. Fieldview Capital Management LLC now owns 11,825 shares of the construction company’s stock valued at $1,703,000 after buying an additional 1,117 shares during the period. Finally, Harber Asset Management LLC lifted its stake in shares of D.R. Horton by 8.9% during the fourth quarter. Harber Asset Management LLC now owns 62,112 shares of the construction company’s stock valued at $8,946,000 after buying an additional 5,059 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DHI. The Goldman Sachs Group upped their price objective on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Truist Financial upped their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Weiss Ratings downgraded shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Citigroup upped their price objective on shares of D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Four equities research 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 MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Stock Performance

NYSE:DHI opened at $155.02 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The company has a market cap of $43.96 billion, a P/E ratio of 14.53, a P/E/G ratio of 2.16 and a beta of 1.38. D.R. Horton, Inc. has a fifty-two week low of $119.54 and a fifty-two week high of $184.54. The firm’s 50 day moving average is $147.20 and its two-hundred day moving average is $149.92.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. D.R. Horton’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 earnings per share. Analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) 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.