D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by abrdn plc

abrdn plc lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 68.0% during the fourth quarter, Holdings Channel reports. The fund owned 153,550 shares of the construction company’s stock after purchasing an additional 62,158 shares during the quarter. abrdn plc’s holdings in D.R. Horton were worth $23,337,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DHI. Legal Advantage Investments Inc. lifted its position in D.R. Horton by 2.5% during the fourth quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after buying an additional 75 shares during the period. Wealthsource Partners LLC lifted its position in D.R. Horton by 2.7% during the fourth quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock worth $445,000 after buying an additional 78 shares during the period. SRS Capital Advisors Inc. lifted its position in D.R. Horton by 2.2% during the third quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock worth $391,000 after buying an additional 79 shares during the period. FineMark National Bank & Trust lifted its position in D.R. Horton by 2.0% during the third quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock worth $434,000 after buying an additional 80 shares during the period. Finally, Tiemann Investment Advisors LLC lifted its position in D.R. Horton by 1.6% during the third quarter. Tiemann Investment Advisors LLC now owns 5,447 shares of the construction company’s stock worth $585,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DHI. JMP Securities increased their target price on D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods cut their price objective on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th. Jefferies Financial Group raised their price objective on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, April 19th. UBS Group raised their price objective on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Barclays cut their price objective on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Price Performance

DHI stock opened at $148.03 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $165.75. The firm has a market cap of $49.12 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 0.70 and a beta of 1.64. The stock has a 50-day simple moving average of $151.92 and a 200-day simple moving average of $139.75.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. During the same quarter last year, the firm earned $2.73 EPS. D.R. Horton’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities analysts predict that D.R. Horton, Inc. will post 14.25 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $838,799. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $838,799. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders sold a total of 27,560 shares of company stock worth $4,279,636 in the last 90 days. 1.74% of the stock is owned by corporate insiders.

D.R. Horton Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.