Ghe LLC Sells 6,201 Shares of D.R. Horton, Inc. $DHI

Ghe LLC cut its position in D.R. Horton, Inc. (NYSE:DHI) by 30.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 14,319 shares of the construction company’s stock after selling 6,201 shares during the period. D.R. Horton makes up 0.4% of Ghe LLC’s portfolio, making the stock its 25th biggest holding. Ghe LLC’s holdings in D.R. Horton were worth $1,965,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DHI. Core Wealth Advisors LLC bought a new stake in shares of D.R. Horton during the fourth quarter worth about $25,000. Osbon Capital Management LLC acquired a new stake in D.R. Horton during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC acquired a new stake in D.R. Horton during the 4th quarter worth approximately $27,000. Elevated Capital Advisors LLC bought a new stake in D.R. Horton during the 4th quarter worth approximately $27,000. Finally, Wilkerson Advisory Group LLC acquired a new position in D.R. Horton in the 4th quarter valued at approximately $30,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. The Goldman Sachs Group raised their target price on 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 lifted their target price on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Citigroup upped their price target 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, Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Stock Performance

NYSE:DHI opened at $151.53 on Monday. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a twelve month low of $129.11 and a twelve month high of $184.54. The company has a fifty day moving average of $150.34 and a 200-day moving average of $150.28. The firm has a market capitalization of $42.97 billion, a P/E ratio of 14.20, a P/E/G ratio of 2.12 and a beta of 1.36.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 9.51% and a return on equity of 12.94%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company posted $2.58 earnings per share. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.6 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 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.