6,895 Shares in D.R. Horton, Inc. $DHI Bought by Montag A & Associates Inc.

Key Points

• Montag A & Associates acquired a new stake of 6,895 shares in D.R. Horton during Q3, valued at about $1.168 million.
• D.R. Horton beat estimates with quarterly EPS of $2.03 (vs. $1.98 expected) and revenue of $6.89 billion (vs. $6.66 billion expected), but revenue was down roughly 9.5% year-over-year.
• About 90.63% of D.R. Horton’s stock is owned by institutional investors and hedge funds, and the company recently paid a $0.45 quarterly dividend ($1.80 annualized, ~1.2% yield).

Montag A & Associates Inc. acquired a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,895 shares of the construction company's stock, valued at approximately $1,168,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Concord Wealth Partners bought a new position in shares of D.R. Horton during the third quarter worth about $25,000. Canton Hathaway LLC bought a new stake in D.R. Horton in the third quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in D.R. Horton during the 3rd quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC bought a new position in D.R. Horton during the 2nd quarter worth approximately $29,000. Finally, Westfuller Advisors LLC bought a new position in D.R. Horton during the 3rd quarter worth approximately $34,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Price Performance

DHI stock opened at $152.80 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The company's 50-day moving average is $155.03 and its 200-day moving average is $157.54. The stock has a market capitalization of $44.27 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 2.36 and a beta of 1.43. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.05. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm's revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.61 EPS. Equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, February 5th. D.R. Horton's dividend payout ratio (DPR) is currently 16.35%.

Insider Transactions at D.R. Horton

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the company's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.66% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DHI. Bank of America set a $158.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Truist Financial set a $155.00 price target on shares of D.R. Horton and gave the company a "hold" rating in a research report on Tuesday. Evercore lifted their price objective on D.R. Horton from $167.00 to $169.00 and gave the stock an "in-line" rating in a research report on Wednesday, January 21st. Wells Fargo & Company reissued an "equal weight" rating and issued a $155.00 price objective (down from $180.00) on shares of D.R. Horton in a research note on Tuesday, January 6th. Finally, Argus raised their target price on D.R. Horton from $175.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $159.93.

D.R. Horton Company Profile

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.

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