Assetmark Inc. Raises Holdings in D.R. Horton, Inc. $DHI

Key Points

• Assetmark Inc. raised its stake in D.R. Horton by 6.0% in Q4, buying 24,508 shares to hold 431,766 shares (about 0.15% of the company) valued at roughly $62.2 million, while institutional investors collectively own 90.63% of the stock.
• D.R. Horton beat Q4 estimates with EPS of $2.03 and revenue of $6.89 billion (revenue down 9.5% YoY), and analysts' consensus is a "Hold" with an average price target of $159.33.

Assetmark Inc. raised its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 431,766 shares of the construction company's stock after purchasing an additional 24,508 shares during the period. Assetmark Inc. owned about 0.15% of D.R. Horton worth $62,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Transcend Capital Advisors LLC grew its holdings in D.R. Horton by 2.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 8,298 shares of the construction company's stock worth $1,195,000 after acquiring an additional 188 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of D.R. Horton by 173.3% in the 4th quarter. Ritholtz Wealth Management now owns 26,870 shares of the construction company's stock valued at $3,870,000 after purchasing an additional 17,039 shares during the last quarter. Diversify Advisory Services LLC raised its holdings in shares of D.R. Horton by 23.4% in the 4th quarter. Diversify Advisory Services LLC now owns 9,132 shares of the construction company's stock valued at $1,424,000 after purchasing an additional 1,734 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of D.R. Horton by 18.9% during the 4th quarter. Apollon Wealth Management LLC now owns 21,115 shares of the construction company's stock worth $3,041,000 after purchasing an additional 3,356 shares during the last quarter. Finally, Trinity Street Asset Management LLP grew its stake in shares of D.R. Horton by 8.0% during the fourth quarter. Trinity Street Asset Management LLP now owns 160,212 shares of the construction company's stock worth $23,075,000 after purchasing an additional 11,869 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.66% of the company's stock.

D.R. Horton Trading Up 0.7%

DHI opened at $145.28 on Wednesday. The firm has a market cap of $42.09 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 2.24 and a beta of 1.44. D.R. Horton, Inc. has a 52 week low of $114.17 and a 52 week high of $184.54. The business's 50 day moving average is $149.06 and its two-hundred day moving average is $151.27. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.05. The business had revenue of $6.89 billion during 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 company's revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.61 earnings per share. On average, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders 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 of this dividend was Thursday, February 5th. D.R. Horton's dividend payout ratio is presently 16.35%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DHI shares. Zacks Research upgraded D.R. Horton from a "strong sell" rating to a "hold" rating in a research note on Friday, March 27th. BTIG Research set a $182.00 price objective on D.R. Horton in a report on Wednesday, January 21st. Truist Financial set a $155.00 target price on D.R. Horton and gave the stock a "hold" rating in a research report on Tuesday, March 3rd. Seaport Research Partners restated a "neutral" rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of D.R. Horton in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $159.33.

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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