16,285 Shares of D.R. Horton, Inc. $DHI Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 16,285 shares of the construction company’s stock, valued at approximately $2,225,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in D.R. Horton during the 2nd quarter worth approximately $4,067,842,000. Bank of America Corp DE lifted its position in shares of D.R. Horton by 10.7% in the first quarter. Bank of America Corp DE now owns 3,226,686 shares of the construction company’s stock valued at $442,766,000 after acquiring an additional 312,303 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of D.R. Horton by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company’s stock valued at $422,734,000 after acquiring an additional 21,514 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of D.R. Horton by 4.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,903,786 shares of the construction company’s stock worth $472,969,000 after acquiring an additional 122,434 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of D.R. Horton by 2.3% in the first quarter. Principal Financial Group Inc. now owns 2,155,581 shares of the construction company’s stock worth $295,789,000 after acquiring an additional 48,723 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DHI has been the subject of several recent research reports. Weiss Ratings downgraded D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Citigroup restated a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $182.00 target price on shares of D.R. Horton in a research note on Monday. Truist Financial dropped their target price on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, September 16th. Finally, Morgan Stanley started coverage on shares of D.R. Horton in a research report on Thursday, October 1st. They issued an “equal weight” rating and a $151.00 target price for the company. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average target price of $158.79.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded down $2.01 on Wednesday, hitting $133.44. 2,794,872 shares of the company were exchanged, compared to its average volume of 2,699,575. The stock has a market capitalization of $37.32 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.35. The company has a 50-day moving average price of $142.30 and a 200 day moving average price of $146.45. D.R. Horton, Inc. has a 1-year low of $130.40 and a 1-year high of $170.79. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29.

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, beating analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the business earned $3.36 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 10.44 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

D.R. Horton Company 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.