D.R. Horton, Inc. $DHI Stock Sold by Philadelphia Trust Co.

Philadelphia Trust Co. trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 28.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,826 shares of the construction company’s stock after selling 19,386 shares during the period. Philadelphia Trust Co.’s holdings in D.R. Horton were worth $6,809,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of D.R. Horton in the 2nd quarter worth $4,067,842,000. Bank of America Corp DE lifted its holdings 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 buying an additional 312,303 shares during the period. Dimensional Fund Advisors LP boosted its stake in D.R. Horton by 0.7% during 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 buying 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 D.R. Horton by 4.4% during 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 valued at $472,969,000 after buying an additional 122,434 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in D.R. Horton by 2.3% during the first quarter. Principal Financial Group Inc. now owns 2,155,581 shares of the construction company’s stock valued at $295,789,000 after buying an additional 48,723 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DHI has been the topic of several research reports. BTIG Research reiterated a “buy” rating and issued a $174.00 price target (down from $184.00) on shares of D.R. Horton in a research report on Tuesday, September 22nd. Citigroup raised their price objective on shares of D.R. Horton from $150.00 to $152.00 and gave the company a “neutral” rating in a research report on Monday, November 2nd. Royal Bank Of Canada lowered their price objective on shares of D.R. Horton from $119.00 to $114.00 and set an “underperform” rating on the stock in a research note on Friday, October 30th. Truist Financial dropped their target price on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, September 16th. Finally, Barclays dropped their target price on shares of D.R. Horton from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, October 30th. Five research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $151.33.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $149.72 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 6.01 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $41.88 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.79 and a beta of 1.35. The stock’s fifty day simple moving average is $141.46 and its 200 day simple moving average is $147.52. D.R. Horton, Inc. has a 52-week low of $130.40 and a 52-week high of $170.79.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, October 29th. The construction company reported $2.67 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.34). D.R. Horton had a net margin of 8.74% and a return on equity of 11.93%. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.07 billion. During the same period in the prior year, the company earned $3.04 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 10.62 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.45. D.R. Horton’s dividend payout ratio is presently 17.75%.

D.R. Horton Profile

D.R. Horton, Inc. is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States. Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers. The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.