D.R. Horton, Inc. $DHI Shares Sold by Overbrook Management Corp

Overbrook Management Corp trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,432 shares of the construction company’s stock after selling 6,198 shares during the quarter. D.R. Horton makes up 1.7% of Overbrook Management Corp’s holdings, making the stock its 20th biggest holding. Overbrook Management Corp’s holdings in D.R. Horton were worth $10,581,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DHI. Farther Finance Advisors LLC lifted its holdings in shares of D.R. Horton by 18.9% during the third quarter. Farther Finance Advisors LLC now owns 8,418 shares of the construction company’s stock worth $1,150,000 after purchasing an additional 1,341 shares during the period. CoreCap Advisors LLC increased its holdings in D.R. Horton by 60.8% in the third quarter. CoreCap Advisors LLC now owns 246 shares of the construction company’s stock valued at $34,000 after purchasing an additional 93 shares during the period. Elevation Wealth Partners LLC raised its position in D.R. Horton by 283.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 226 shares of the construction company’s stock worth $31,000 after purchasing an additional 167 shares during the last quarter. Eastover Investment Advisors LLC lifted its holdings in D.R. Horton by 1.6% during the 3rd quarter. Eastover Investment Advisors LLC now owns 51,582 shares of the construction company’s stock worth $7,049,000 after buying an additional 807 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of D.R. Horton by 21.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,477 shares of the construction company’s stock valued at $202,000 after buying an additional 259 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Up 1.9%

NYSE DHI traded up $2.53 during trading hours on Thursday, hitting $135.81. 2,974,501 shares of the company’s stock were exchanged, compared to its average volume of 2,702,914. The firm has a market cap of $37.99 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.95 and a beta of 1.35. The stock has a 50-day simple moving average of $143.01 and a 200 day simple moving average of $146.52. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $170.79.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.36 EPS. On average, equities analysts forecast that D.R. Horton, Inc. will post 10.45 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio (DPR) is presently 17.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DHI shares. Truist Financial lowered their price objective on D.R. Horton from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, September 16th. Keefe, Bruyette & Woods decreased their target price on shares of D.R. Horton from $167.00 to $160.00 and set a “market perform” rating for the company in a research report on Tuesday, September 22nd. Citigroup restated a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. Finally, Wells Fargo & Company lowered their target price on shares of D.R. Horton from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Friday, September 11th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average price target of $159.36.

D.R. Horton Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.