Allspring Global Investments Holdings LLC Trims Stake in D.R. Horton, Inc. $DHI

Allspring Global Investments Holdings LLC reduced its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 61.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 584,992 shares of the construction company's stock after selling 937,470 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.21% of D.R. Horton worth $80,875,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of D.R. Horton during the first quarter worth $1,267,000. D.A. Davidson & CO. grew its stake in D.R. Horton by 6.4% during the 1st quarter. D.A. Davidson & CO. now owns 100,573 shares of the construction company's stock worth $13,801,000 after buying an additional 6,058 shares during the last quarter. Checchi Capital Advisers LLC grew its stake in D.R. Horton by 14.5% during the 1st quarter. Checchi Capital Advisers LLC now owns 3,305 shares of the construction company's stock worth $454,000 after buying an additional 418 shares during the last quarter. Calamos Advisors LLC increased its position in D.R. Horton by 5.5% during the 1st quarter. Calamos Advisors LLC now owns 212,437 shares of the construction company's stock valued at $29,151,000 after buying an additional 11,000 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in D.R. Horton by 4.6% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,261 shares of the construction company's stock valued at $310,000 after buying an additional 99 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DHI. Weiss Ratings downgraded D.R. Horton from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, May 21st. Truist Financial increased their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada lifted their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 22nd. Barclays boosted their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, Citigroup upped their price target on shares of D.R. Horton from $162.00 to $173.00 and gave the company a "neutral" rating in a research note on Thursday, April 23rd. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $168.62.

D.R. Horton Trading Down 3.4%

Shares of NYSE DHI opened at $149.24 on Friday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $42.32 billion, a PE ratio of 13.99, a PEG ratio of 2.16 and a beta of 1.36. D.R. Horton, Inc. has a twelve month low of $129.22 and a twelve month high of $184.54. The stock has a fifty day simple moving average of $150.54 and a 200-day simple moving average of $150.41.

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

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a 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.

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