Cerity Partners LLC Raises Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Cerity Partners LLC grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 9.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,067 shares of the construction company's stock after purchasing an additional 2,745 shares during the quarter. Cerity Partners LLC's holdings in D.R. Horton were worth $4,077,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of D.R. Horton in the 4th quarter worth approximately $593,363,000. Allspring Global Investments Holdings LLC lifted its position in shares of D.R. Horton by 652.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after purchasing an additional 1,718,094 shares during the period. Franklin Resources Inc. lifted its position in shares of D.R. Horton by 71.5% in the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after purchasing an additional 1,490,648 shares during the period. GAMMA Investing LLC lifted its position in shares of D.R. Horton by 19,102.6% in the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock worth $116,544,000 after purchasing an additional 911,960 shares during the period. Finally, Two Sigma Investments LP lifted its position in shares of D.R. Horton by 1,838.0% during the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after buying an additional 832,358 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 0.2%

Shares of NYSE DHI traded up $0.21 during trading on Friday, hitting $131.86. 5,125,531 shares of the company were exchanged, compared to its average volume of 3,188,693. The company has a fifty day moving average price of $125.81 and a 200-day moving average price of $129.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. The firm has a market capitalization of $40.50 billion, a PE ratio of 9.98, a P/E/G ratio of 4.11 and a beta of 1.38. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.15% and a return on equity of 16.95%. During the same period in the previous year, the firm posted $3.52 EPS. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.21%. D.R. Horton's dividend payout ratio (DPR) is currently 12.11%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group decreased their price target on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Wall Street Zen lowered shares of D.R. Horton from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. decreased their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Finally, Royal Bank Of Canada decreased their price target on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, D.R. Horton presently has an average rating of "Hold" and an average price target of $151.15.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the sale, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. The trade was a 49.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company's stock.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.