AMG National Trust Bank Invests $1.44 Million in D.R. Horton, Inc. $DHI

AMG National Trust Bank purchased a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,841 shares of the construction company's stock, valued at approximately $1,440,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Manhattan CO. LLC. increased its stake in D.R. Horton by 2.0% in the fourth quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company's stock valued at $511,000 after acquiring an additional 70 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in shares of D.R. Horton by 11.0% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company's stock worth $103,000 after buying an additional 71 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in D.R. Horton by 27.9% in the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company's stock valued at $48,000 after buying an additional 72 shares in the last quarter. AdvisorShares Investments LLC grew its position in D.R. Horton by 2.4% in the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company's stock valued at $480,000 after acquiring an additional 77 shares during the last quarter. Finally, Studio Investment Management LLC grew its position in D.R. Horton by 0.3% in the fourth quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company's stock valued at $3,325,000 after acquiring an additional 79 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on DHI shares. Barclays increased 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 report on Tuesday, July 14th. Royal Bank Of Canada reaffirmed a "mixed" rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Citigroup reiterated a "neutral" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Truist Financial raised their target price 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. Finally, UBS Group boosted their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, D.R. Horton currently has a consensus rating of "Hold" and an average target price of $166.92.

D.R. Horton Stock Up 0.1%

Shares of NYSE DHI opened at $148.89 on Monday. The company has a 50 day simple moving average of $151.97 and a 200 day simple moving average of $149.80. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The firm has a market cap of $41.64 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. D.R. Horton's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.36 earnings per share. On average, research analysts forecast that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a $0.45 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton's payout ratio is 17.13%.

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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