Twin Capital Management Inc. Reduces Stake in D.R. Horton, Inc. $DHI

Twin Capital Management Inc. decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 37.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,364 shares of the construction company’s stock after selling 6,184 shares during the quarter. Twin Capital Management Inc.’s holdings in D.R. Horton were worth $1,422,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its position in shares of D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after buying an additional 455 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in D.R. Horton during the 2nd quarter worth $302,000. Brown Advisory Inc. raised its stake in D.R. Horton by 3.4% during the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after acquiring an additional 208 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after acquiring an additional 2,859 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on DHI. The Goldman Sachs Group raised their price objective on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Truist Financial boosted their target price on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Finally, Barclays lifted their price target on D.R. Horton from $140.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $168.62.

D.R. Horton Price Performance

Shares of DHI opened at $151.66 on Thursday. D.R. Horton, Inc. has a fifty-two week low of $129.11 and a fifty-two week high of $184.54. The company has a market capitalization of $43.01 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 2.10 and a beta of 1.36. The firm has a 50-day simple moving average of $150.35 and a 200-day simple moving average of $150.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.09. The firm had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 EPS. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 10.6 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is presently 16.87%.

About D.R. Horton

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.